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Air India to come under Tata ownership this week
State-owned airline Air India is expected to be formally handed over to new owner, conglomerate Tata Group by the end of this week. India media outlets report the handover will take place on January 27.
Air India was sold last year to Tata subsidiary Talace Private Limited for US$2.41 billion. Tata also owns majority stakes in India-based carriers Vistara and AirAsia India.
TravelMole Editorial Team
Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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