Wednesday, July 30, 2025

Tata Sons may take over Air India by end of August 2020

- Advertisement -

Tata Sons is likely to take over Air India by end of August 2020

The Tata Group is likely to make a formal bid to take over state-run Air India after months of considering acquiring the national carrier that has been put on the block by the central government.

The airline was actually formed as a division of Tata Sons Ltd. in 1932 and was operated as Tata airlines until 1946. After 1946, the airline became a public limited company and it was renamed to Air India.

Reattempting the sale of Air India, the Finance Minister Nirmala Sitharaman announced an ambitious plan of selling off Air India to private players by March 2020. 

The Tata Sons, the principal investor running a conglomerate of operations under the Tata Group of companies, has already entered the airline business with domestic carrier Vistara and has been the sole bidder for Air India since last month after its joint venture airlines venture, Singapore Airlines declined to join due to COVID-19 woes.

According to reports, the company has already begun due diligence and intends to close the bid by the end of this month. However, no business structure or funding around the take-over has been discussed yet.

There are also speculations that Tata is planning to merge its exiting stake in AirAsia with Air India into a single entity. However, there has been no official confirmation of these reports.

Notably, The last date for bidding is August 31 and the government is not willing to extend the deadline. The Centre had extended the official deadline in June to submit an Express of Interest (EOI) in view of the pandemic situation.

From Tata Airlines and Air India to Vistara and AirAsia India, the Tata group has been an important part of the growing aviation sector in India.

Editorial

Why TCS Deferred FY25 Salary Hike: Better Hike Ahead?

TCS had initially announced its annual salary hike during...

Deloitte, PWC, EY, KPMG to Hire 1 Lakh People in India in FY25

According to estimates from top company officials and industry...

Higher EPS Pension Application Stuck: A Step-by-Step Guide to Fix

Nearly 97,640 Provident Fund (PF) members and pensioners under...

Employee Benefits at India’s Big 4 Firms Deloitte, PwC , EY, KPMG

The Big 4 firms; Deloitte, PwC (PricewaterhouseCoopers), EY (Ernst...

TCS Announces 4-8% Salary Hike for FY25, Lowest in Last 4 Years

Tata Consultancy Services (TCS), India's largest IT services provider,...

Must Read

NITI Internship Scheme 2025: Apply Before Deadline Ends

The NITI Aayog Internship Scheme is a prestigious opportunity...

Tata Digital acquires ownership in BigBasket

Tata Digital acquires ownership in BigBasket Tata Digital Ltd, a 100%...

ZS plans to hire more than 4,000 people in 2022

Global professional services firm ZS on Thursday said the...

Twitter appoints interim compliance officer

Twitter Inc's India unit has appointed an interim chief compliance...

NetApp Elevates Pamela Hennard as Chief D&I Officer

NetApp, the intelligent data infrastructure company has elevated Pamela...

Axis Bank to adopt WFH as an integral part of work culture

Axis Bank will continue with the Work-From-Home (WFH) culture...

Work from office: Pregnant techie ends life due to loss of job

As per TOI reports, A woman techie committed suicide...

How Wipro is dealing with Attrition challenges

Rising attrition in IT Industry is the biggest challenge...

Related Articles

SightsIn Plus
SightsIn Plushttps://sightsinplus.com/
SightsIn Plus is an India’s leading high-quality people-focused monthly HR Magazine and provides up-to-date HR News, Leadership Announcements, Best HR Practices and Insights by Global CHROs, CEOs, HR Advisors, Business Managers and HR Heads on topics of interest to HR professionals. To subscribe SightsIn Plus, HR Magazine please visit- https://sightsinplus.com/subscribe/