tata sons

June 2nd, 2022 4:15 PM 0 COMMENTS

AirAsia India Announces the Launch of Splash Sale With Fares Starting at ₹1,620

While building on the launch of its loyalty marketing campaign, AirAsia India announced the launching of a splash sale with fares starting at $1,620, urging passengers to sign up on its website or mobile app to "make the most of rapid bookings, fantastic deals, and fantastic value" with the NeuPass. Special sale tickets are available for advance booking until June 3rd for travel between June 20th and December 14th, 2022,... Read More

May 13th, 2022 10:53 PM 0 COMMENTS

Campbell Wilson Leaves Singaporean LCC Scoot and Becomes the New CEO of Air India

Campbell Wilson has been appointed as the new Chief Executive Officer and Managing Director of Air India by Tata Sons, the airline's new owner. Wilson has almost a quarter-century of expertise in the aviation business and will leave his current role as the CEO of Scoot, Singapore's low-cost carrier, to take up the position at Air India. He will succeed Ashwani Lohani, who has been the CEO of India's national... Read More

March 15th, 2022 5:46 PM 0 COMMENTS

Tata Sons Chief Chandrasekaran Named Air India Chairman

Chandrasekaran, the chairman of Tata Sons, was appointed chairman of Air India on Monday. The news comes just a month after Mehmet Ilker Ayci, the former chairman of Turkish Airlines, declined an offer to lead Air India as managing director and CEO. In October of last year, the $103 billion conglomerate won a bid to buy Air India for Rs 18,000 crore. It is expected to hire a new CEO... Read More

March 14th, 2022 7:21 PM 0 COMMENTS

Tata and SIA Infuses $65 Million Into Vistara

Vistara, India's full-service airline, has secured more money from its promoters. This is the latest in a series of monetary infusions, and it comes ahead of the summer schedule. The airline is also growing, with more personnel being hired, more planes being added, and its network being expanded. All of these efforts are likely to be aided by the additional funds in the pot. Vistara's promoters have injected another 500... Read More

January 11th, 2022 7:10 PM 0 COMMENTS

Devas Multimedia’s Investors Can Seize 50% of Air India’s Assets

In a partial victory for India, a Canadian court ruled that Devas Multimedia’s investors could seize half of Air India’s assets held by the International Air Transport Association (IATA). It has also overturned an order authorising the seizure of funds belonging to the Indian Airports Authority (AAI). Devas shareholders had already acquired authorisation from the Quebec Superior Court on November 24 and December 21 to take assets of AAI and... Read More

January 7th, 2022 12:04 PM 0 COMMENTS

Delhi High Court Dismisses Subramanian Swamy Plea to Set Aside Air India Sale

Delhi High Court ordered to dismiss the plea filed by BJP leader Subramanian Swamy against the Air India disinvestment process. The Court found no illegality and arbitrariness in Air India’s sale to Tata Sons, as pointed by the petitioner in the judicial review. In his plea against Air India’s privatization, BJP leader Subramanian Swamy asked Delhi High Court to set aside the Air India disinvestment process on the grounds that... Read More

January 4th, 2022 7:10 PM 0 COMMENTS

Air India Express Crew to Go on Indefinite Strike

Hundreds of Air India Express employees could go on strike as early as January 15, 2022, due to issues about contract issuance. The low-cost subsidiary of soon-to-be-privatised Air India operates to several important Middle Eastern destinations, and a strike may significantly impact flight operations. The announcement comes as the carrier nears completion of its acquisition by the Tatas and a prospective merger with AirAsia India. The cabin crew of Air... Read More

December 29th, 2021 9:15 PM 0 COMMENTS

Tata Sons’ Talace Receives an Overwhelming Response to Its Bid for Rs 23,000 Crore Loan

In response to the bids invited from Air India's existing lenders for a one-year general purpose loan of Rs 23,000 crore, Tata Sons' Talace has received offers extending more than Rs 35,000 crore. The lenders are reportedly ready to provide the loan at a rate of 4.25%. Talace's bid of Rs 23,000 crores includes Rs 18,000 crore for taking over the airline's debt, and an additional Rs 5,000 crore for... Read More

December 25th, 2021 4:54 PM 0 COMMENTS

Indore-Sharjah Flights From Air India Express to Start From March 27

Air India Express will begin flying between Indore and Sharjah from March 27, 2022, according to Aviation Minister Jyotiraditya Scindia. The Centre announced on October 8 that Tata Sons’ Talace Private Limited, a subsidiary of Tata Sons, won the bid to buy Air India and its subsidiary Air India Express. In the early half of 2022, Air India is expected to be handed over to Talace. Scindia views the new... Read More

October 25th, 2021 6:17 PM 0 COMMENTS

Air India Sale Complete, Govt Signs Share Purchase Agreement With Tata Sons

Air India’s sale to the Indian conglomerate, Tata Sons has been completed. The government has signed the share purchase agreement with Tata Sons for divesting the national carrier. This is the first time a privatisation event has occurred in nearly two decades. According to a PTI report, on Monday, the government completed the sale of Air India to Tata Sons after signing the share purchase agreement. “Share purchase agreement signed... Read More

October 1st, 2021 1:00 PM 0 COMMENTS

Air India Bid Won by Tata Sons Report Wrong, Govt Denies

It was being said that Air India’s bid has been successfully won by Tata Sons. It wasn’t surprising at all. As per Bloomberg, Tata Sons had won the bid for Air India but the official announcement from the government denies that. It was reported earlier that Tata Sons had put a higher bid than its competitor SpiceJet to claim the airline. Tata Sons had a big interest in the airline... Read More

November 27th, 2020 8:37 PM 0 COMMENTS

Tata Sons and Singapore Airlines Might Bid for the Debt Laden Air India

Tata Sons, a holding company of the Tata group, might bid for the national carrier, Air India. The debt-laden airline’s bidding had to be postponed by the government of India four times earlier this year because of the global pandemic. But now, Tata Sons, the majority stake owner of Vistara along with Singapore Airlines (SIA) is all set to make the bid for Air India. But there’s just one problem.... Read More

October 5th, 2020 12:24 PM 0 COMMENTS

AirAsia India Remaining 49% Might be Bought Entirely by Tata Sons

AirAsia India initiated its operations in the country back in 2014. After years of providing services, the airline remains unprofitable. AirAsia India is a joint venture between Tata Sons and AirAsia Malaysia. Tata Sons is the majority stakeholder in the airline owning 51% of the company and AirAsia group owns the rest 49%. Due to it being non-profitable for very long, AirAsia Malaysia has become reluctant to inject any more... Read More

July 13th, 2020 2:19 PM 0 COMMENTS

Tata Sons Might Exit AirAsia Looking at Continuity Concerns of the Airline

Yesterday we reported that Tata Sons may completely buyout the AirAsia Group Berhad. But it looks like that is not going to happen after all. According to some reports, Tata Sons is planning to exit from the group. As of now, the Indian conglomerate owns 51% of the AirAsia Group Berhad. AirAsia has had to go through a series of losses. Its financial reports are nothing but a nightmare for... Read More

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