Big news has come about the privatization of Air India. Today the government will announce the winner of the bid for Air India.
Air India Privatization: Big news has come about the privatization of Air India. Today the government will announce the winner of the bid for Air India. Today at 4 pm, the government will address a press conference in this regard.
Watch the press conference here
📡LIVE at 4:00 PM📡
📍National Media Centre, New Delhi
Watch on PIB’s🔽
– PIB India (@PIB_India) October 8, 2021
Let us tell you that earlier in the Bloomberg report it was said that the panel has selected Tata Group for Air India. Ajay Singh of Tata Group and SpiceJet had bid for Air India. It was said in the report that the government can announce it soon. Tata may get ownership of Air India by December.
Let us tell you that JRD Tata founded Tata Airlines in 1932. Air services were stopped during the Second World War. When the airlines were restored again, on 29 July 1946, the name of Tata Airlines was changed to Air India Limited. After independence, in 1947, 49 percent participation of Air India was taken by the government. It was nationalized in 1953.
After 68 years, Tata will again have Air India
Air India was earlier a Tata Group company. This company was established by JRD Tata in the year 1932. After independence, the aviation sector was nationalized and due to this the government bought 49 percent shares of Tata Airlines.
Later this company became a public limited company and on July 29, 1946, it was renamed as Air India. In 1953, the government passed the Air Corporation Act and bought the ownership rights from the company’s founder JRD Tata.
After this, the company was again named Air India International Limited. In this way, the Tata Group has once again got its own company back after 68 years.
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Shehnaz is a Corporate Communications Expert by profession and writer by Passion. She has experience of many years in the same. Her educational background in Mass communication has given her a broad base from which to approach many topics. She enjoys writing about Public relations, Corporate communications, travel, entrepreneurship, insurance, and finance among others.