Air India’s command again in the hands of Tata

New Delhi. Tata has won the bid for Air India and after 68 years, Air India is back in the hands of its owners. The home minister-led panel met to clear the bids for the national carrier, after which Tata won its bid. The association of the Tata group with Air India dates back to 1932. However, the government nationalized the airline in 1953. In December last year, when the government invited expressions of interest for Air India’s disinvestment process, four bidders submitted EOIs, which included Tata Sons, another consortium of some AI employees and interups, and SpiceJet four. There were names. However, later only Tata Group and SpiceJet CEO Ajay Singh Bharat were in the race to take over Air India. The government is selling its 100 per cent stake in the state-owned airline, which has been making losses since 2007.

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