Tata regains Air India control after years of taxpayer bailouts
By Ruchi Bhatia and Ragini SaxenaBloombergPublished On 227 Jan 2022" SOURCE: BLOOMBERG
Tata Sons Pvt formally took charge of debt-laden Air India Ltd., ending years of failed attempts to sell the money-losing airline that has been kept afloat with billions of dollars of taxpayer money.
“It is indeed noteworthy that the disinvestment process of @airindiain has been brought to a successful conclusion in a time-bound manner,” aviation minister Jyotiraditya Sc壯陽藥
india said in a Twitter post. That proves the government’s ability and “the resolve to carry out disinvestment effectively in non-strategic sectors in the future
The successful conclusion of the deal, India’s first major privatization in nearly two decades, is a big victory for Prime Minister Narendra Modi, who has vowe...