Tata group to take over Air India by this weekend

26 Jan 2022 CW Team

On Monday, senior government authorities told the media that Air India is likely to be handed over to the Tata group by this weekend.

On October 8, 2020, after a competitive bidding process, the government had sold Air India to Talace Private Limited, a subsidiary of the Tata group's holding firm for Rs 18,000 crore. Following that, on October 11, a Letter of Intent (LoI) was released to the Tata group guaranteeing the government's willingness to sell its 100% share in the airline.

On October 25, the government inked the share purchase agreement (SPA) for this contract. On Monday, officials told the media that the remaining formalities concerning this agreement are likely to be done in the coming few days and the airline will be given to the Tata group by the end of this week. As a part of the transaction, the Tata group will additionally be given Air India Express and a 50% share in the ground handling arm Air India SATS.

On October 8, Tatas had beat the Rs 15,100-crore offer by a consortium led by SpiceJet promoter Ajay Singh and the reserve cost of Rs 12,906 crore set by the government for the sale of its 100% share in the loss-making carrier.

While this will be the first privatisation since 2003-04, Air India will be the third airline brand in the Tatas' stable; it owns a majority interest in AirAsia India and Vistara, a joint enterprise with Singapore Airlines Ltd. The disinvestment of Air India is determined to be on January 27, 2022. The closing balance sheet as of January 20 has to be rendered on January 24 so that it can be checked by Tatas and any changes can be impacted on Wednesday, as per Vinod Hejmadi, Director Finance, Air India.

Image Source

Also read: Air India returns to Tata Sons

Resources

03 Jun 2026

Jyoti Structures Launches Heat Safety Drive Across Sites

Jyoti Structures (JSL) has strengthened heat safety measures across its project sites and manufacturing facilities as temperatures rise across India. The company has implemented a Summer Safety Plan covering all transmission line projects to address risks related to heat stress, dehydration and worker fatigue.The initiative includes rescheduling work away from peak afternoon temperatures, provision of drinking water, ORS and lemon-salt solutions, and installation of rest shelters near work areas. Daily toolbox talks, worker health monitoring, first-aid preparedness, emergency transport arrange..

MHADA Declares 82 Buildings Most Dangerous in Central and South Mumbai

The Maharashtra Housing and Area Development Authority (MHADA) has declared 82 buildings as most dangerous across Central and South Mumbai and has appealed to residents to vacate immediately. The list, prepared after structural assessments by the authority, identifies buildings judged to pose imminent risk to occupants and to passersby. Local civic bodies have been asked to coordinate evacuations and to make arrangements for temporary shelter and rehabilitation for displaced households. Officials said the authority prioritised buildings with visible structural distress, severe cracking, tiltin..

Damage Reported At Halwara Airport Terminal After First Rains

Severe damage was reported at the terminal of Halwara Airport during the first major rain spell of the season, prompting immediate concern among aviation and local authorities. Images from the site showed water ingress and visible deterioration of the terminal interior, affecting passenger areas and ancillary services. The airport authority suspended certain operations temporarily to assess structural safety and ensure passenger wellbeing. Preliminary inspections have prioritised electrical systems and roof seals to prevent further water ingress. State aviation officials ordered a formal inqui..