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Tata Group Acquires Air India for ₹18,000 Crore

By NDP newsroom

The Tata Group has successfully acquired Air India for ₹18,000 crore, marking the completion of the government's privatisation efforts after a failed attempt in 2018. Of the total amount, 15% will go to the government, and the rest will be used to clear part of Air India’s substantial debt. The group will take over 100% stakes in Air India, its low-cost arm Air India Express, and a 50% holding in AISATS, a ground-handling company.

Air India’s total debt stands at ₹43,000 crore, but only ₹23,000 crore will be transferred to the new owners, with a significant portion being retired using the bid money. The Tatas will retain all employees for a year and may offer a Voluntary Retirement Scheme (VRS) in the second year.

The Air India Specific Alternative Mechanism, led by Home Minister Amit Shah and other senior ministers, approved the winning bid. Tata’s Talace Pvt Ltd outbid SpiceJet chairman Ajay Singh in the final bidding. The reserve price was set at ₹12,906 crore.

The acquisition is seen as a significant reform under the Modi government’s privatisation agenda. Analysts suggest that Air India’s return to the Tatas presents a strong opportunity, given India’s growing middle class and increasing aviation demands. However, challenges like rising fuel costs and competition from low-cost carriers remain.

The government plans to complete the handover process within four months, beginning 15 days after the announcement. This deal brings Air India back to its original founder, Tata Group, and positions the conglomerate to carve a new future for the national carrier.

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