New Delhi, January 27:
Air India is all set to be handed over to the Tata group on Thursday. Senior officials of the Tata group will be present during the formal handover this afternoon even as the official transition will take place on Friday.
This comes as the Tata group has gone for a makeover of the iconic ‘Maharaja’ by introducing a slew of in-flight changes from Thursday. Initially, flyers will experience these changes in Air India flights on selected domestic and international sectors.
Ahead of the national airline’s official handover to the Tata Group, the government has notified the agreement between Air India and special purpose vehicle AIAHL for the transfer of non-core assets.
Tata Sons Chairman Natarajan Chandrasekaran is meeting with Prime Minister Narendra Modi today.
“We have done an excellent job till now in providing all support for the disinvestment exercise. The next three days will be hectic for our department and I request all of you to give your best in these last three four days before we get divested,” Hejmadi said.
Seeking cooperation of the employees, Hejmadi said, “We may have to work late in the night to complete the task given to us. I seek the cooperation of one and all.”
After a competitive bidding process, the government had on October 8 last year sold Air India to Talace Private Limited – a subsidiary of the Tata Group’s holding company – for ₹18,000 crore.
Tatas had on October 8 beat the ₹15,100-crore offer by a consortium led by SpiceJet promoter Ajay Singh and the reserve price of ₹12,906 crore set by the government for the sale of its 100 percent stake in the loss-making carrier.
