Tata Group CEO N Chandra meets Prime Minister Narendra Modi
Ahead of the handing over of beleaguered national airline Air India to Tatas, N Chandrasekaran, chairman of Tata Sons, called Prime Minister Narendra Modi today. The PMO tweeted about it.
— PMO India (@PMOIndia) January 27, 2022
Besides N Chandrasekaran, Air India Board Members and Govt Appointed Directors VA Patwardhan, SK Mishra arrived at Airlines House CNBC says the report.
The government has notified the agreement between Air India and the ad hoc company AIAHL for the transfer of non-core assets, ahead of the takeover of the national airline by the Tata group.
The Tata Group, which is expected to take over Air India on Thursday, will focus on improving airline punctuality, sources said.
Tata will make big changes after the formal sale of Air India.
Maximum emphasis will be placed on ensuring all Air India planes fly on time, sources said ANI. Tata Group has also planned several other changes. There will be changes in seating arrangements and also in cabin crew attire.
Tata is a major player in the hotel sector and will give top priority to improving the quality of food in the airline, sources said.
According to an Air India official, a recorded message from Ratan Tata will be played on board all Air India planes.
Tata Sons has won the bid to acquire the national for Rs 18,000 crore, the government announced in October 2021, marking the end of the national carrier’s privatization process with the government approving its divestment.
The offer was made by Tata Sons wholly owned subsidiary Talace Pvt Ltd. Tata Sons was up against the consortium led by Spicejet promoter Ajay Singh who had bid Rs 15,100 crore.
After Tata Sons won the bid, the group’s chairman, N Chandrasekaran, called it a “historic moment” and said the group’s effort will be to build a world-class airline that makes every Indian proud. .
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Posted: Thursday, January 27, 2022, 3:03 PM IST