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Air India Sold To Tatas For ₹18,000 Crore


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*  The Tata Group will retain ₹ 15,300 crore of Air India's debt and pay ₹ 2,700 crore cash to the government, Pandey said.

* The cash-strapped carrier had total debt of ₹ 61,560 crore as of August 31, and the debt not absorbed by Tata Sons will be taken over by the government.

* The deal doesn't include Air India's non-core assets like land and buildings, and Tata Sons will have to retain all of the airline's employees for at least a year.

* Air India has a fleet of 117 wide-body and narrow body aircraft and Air India Express Ltd. has 24 narrow body aircraft, Tata Group said in a statement.

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7 hours ago, sskmaestro said:

46,000 Cr central govt meeda padindigaaa….. ah point vadilesi….. 4K crore saved ani jaaakeeee lu techi lepadam….. 

reserve price 12k crores pedithe financial bid vesindhi iddharu (tata, spice jet) . corona impact tho airline industry entha worst position lo vundho meeku koodaa thelusu. ee deal lo enduku loopholes vedukunthaaru.

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On 10/8/2021 at 5:15 PM, Rajakeeyam said:

4k-7k crore tax savings to govt. per year, well done Scindia dude👍

daanlo Adani share entha, Ambani share entha? Amit Shah share entha? Modi gaadi sokulaki, Fekudu Publicity ki entha

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