Air India Handover: Tata Group takes over Air India, PM Modi gives official statement- Watch Video

Publish Date: 28 Jan, 2022 |
 

After a long journey of 69 years, Air India is set to be officially handed over to Tata Group on Thursday, nearly 69 years. Tata Group Chairman N Chandrasekhar is in Delhi to witness the formal transfer. However, Air India flights will not be flying under the banner of the Tata Group from Thursday.

"Officially Air India hands over to Tata Group today in the afternoon. Tata Group Chairman N Chandrasekaran will be in the ministries for the official handover process," a senior government official said. A formal announcement from the Tata Group regarding the official handover process will be made today.

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 Rs 18,000 crore. The officials said the new date from which all Air India flights will fly under "Tata Group's banner or aegis" will be told to the employees later.


 

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