N. Chandrasekaran, the chairman of Tata Sons, who control the entire Tata conglomerate, called on Prime Minister Narendra Modi in Delhi on Thursday ahead of the official handover of Air India after the Tata group won the bid on October 8, 2021, leaving behind its competitor SpiceJet.
Tata won the bid with a whopping Rs 18,000 crore and took the Air India back after 69 years.
This meeting is the final call, in aviation lingo, that now Air India is no longer a government of India enterprise, and has become a private entity.
The meeting came after Air India handed over the balance sheet till January 20, 2022 to Talace, an aviation subsidiary of Tata Sons, who will manage the Air India, Air express and Air India’s ground handling service. The Tata Group executives reviewed the balance sheet and had an option to ask for any correction till january 24, after that the government of India will hand over Air India, Air Express and its ground handling service to Tata Group, and with this 100 per cent disinvestment in Air India, a government PSU, will be completed.