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On January 27, 2022, the Indian government will give back Air India to the Tata Group, nearly 69 years after it was stolen from the TATAs.

On January 27, 2022, the Indian government successfully handed back Air India to the Tata Group, nearly 69 years after it was stolen from the TATAs. The airline was turned over to the company as all processes were nearing completion, according to authorities.

The Tata Group will also receive the Air India Express and a 50 percent share in Air India SATS' ground handling arm as part of the arrangement with the government.

While this would be the first privatisation of the Indian government since 2003-2003, Air India will be Tata's third airline brand, since the company owns a significant stake in Air India and Vistara. Singapore Airlines Ltd, is a partner in the enterprise.

The Chairman of the Tata Group will be present in Delhi to witness the formal handover

N Chandrashekhar, Chairman of the Tata Group, is in New Delhi to witness the formal transfer of Air India to the Tata Group. He'll be in charge of the official transfer procedure at the ministries. On January 27, the Tata Group will make a public announcement about the official transfer procedure.

Points to Remember About Air India

1. Maharaja is Air India's official mascot, Apart from domestic operations, the airlines operate worldwide.

2. According to current statistics, Air India would fly roughly 101 destinations in 2020, including 57 domestic flights, It also contains 33 nations spread over four continents

3. Air India has also been carrying a significant number of the most recent Airbus and Boeing aircraft in its fleet, which is another of the airline's strengths.

Air India was bought out completely by the Tata Group

The Tata Group was announced as the winning bidder in the national carrier Air India's disinvestment process on October 8, 2021.

Tata had outbid a consortium led by SpiceJet entrepreneur Ajay Singh for Rs. 15,100 crores and the Government of India's reserve price of Rs. 12,906 crores for the sale of its whole share in the loss-making airline.

In a recent communication to staff, Air India's Director-Finance stated that the company's disinvestment will take effect on January 27, 2022. The closing balance sheet from January 20 will be available on January 24 for Tata to examine.

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