Tata All Set to Take Over Air India’s Operations Latest by January 23, 2022
Tata has not released any official statements as to how the operations at the newly acquired airline will go on. The future of Air India remains unknown as to whether Tata will operate as a full-blown mega airline or a low-cost and full-service carrier.
Highlights
- The acquisition has resulted in Tata owning a 100% stake in Air India as well as a 100% stake in its subsidiary Air India Express which is a low-cost carrier airline.
- Part of the deal includes the acquisition of 141 planes of Air India out of which 99 are owned and 42 are leased.
- Government officials have been working intently to ensure seamless transfer of power before the end of 2021 as to not have any delay in the plans.
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