Tata is preparing to fly ‘Maharaja’ again, will AI’s head quarter shift to Bombay House

Air India Disinvestment: Ratan Tata’s dream of bringing back Air India seems to be coming true. Tata Airlines was started in the year 1932 by his predecessor JRD Tata. Later it became a public limited company and in 1953, the government acquired Tata Airlines. The Tata group has made a financial bid for this loss-making public sector airline.

When asked about this, a Tata Sons spokesperson confirmed to ABP News the financial bidding on behalf of Tata for Air India. However, he did not elaborate about it. The Department of Investment and Public Asset Management (DIPAM) has confirmed through a tweet that the Transaction Advisor has placed the financial bid for the disinvestment of Air India. He said that “the process is in the final stage now. ”

The airline was nationalized by the first Prime Minister of India, Pandit Jawaharlal Nehru, for national security and low-cost aviation. After 63 years, Ratan Tata, a self-trained pilot, was eager to bring Air India back to the Tatas. Utkarsh Sinha, managing director of Bexley Advisors, told ABP News that “doubts about Tata’s aviation prowess should be partially put to rest in view of their Vistara operations. However, the deal is yet to be done but they are operational.” is of a high standard.”

The Tata group has made a financial bid, ignoring some of the objections on it. Chairman N. Apart from the Tata team led by Chandreshkaran and CFO Saurabh Agarwal, Tata Sons has engaged global advisors Seabury, Alvarez & Marsal, AZB & Partners and PricewaterhouseCoopers to buy the airline. Tata Sons has appointed a team of people from Tata group firms TCS, Tata Realty and Infrastructure, Tata Steel, AirAsia India and Vistara to conduct a comprehensive inquiry into the airline’s operations.

read this also:

Air India Disinvestment: Two buyers who came forward to buy Air India, Tata Sons and SpiceJet’s chairman bid