Posted by
Arvind Suryavanshi
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Air India, India's national carrier, is set to be taken over by the Tata Group. The government has approved the sale of its entire stake in the airline, with plans for the transition to be completed by the end of 2021. As part of the deal, the Tata Group will acquire a majority stake in Air India, while the government will retain a 24% stake. The Tata Group will also assume the liabilities of Air India, which currently stand at around Rs 60,000 crore. Going forward, the Tata Group is expected to focus on restructuring and revitalizing Air India, with the aim of making it a more efficient, cost-effective and profitable business. This will include making changes to the airline's fleet, routes, and staff, as well as introducing new technologies to improve customer experience.
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