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Air India.(Picture: REUTERS)
Tata Sons have received the bid debt-laden nationwide service Air India, Bloomberg Information reported citing unidentified sources on Friday morning. The report claimed {that a} panel of ministers accepted a proposal from the salt to software program conglomerate. The federal government had yesterday started analysis bids for the Maharaja. Together with Tata Group, home service SpiceJet’s Ajay Singh had additionally bid for the airline. The analysis of bids was accomplished towards an undisclosed reserve value. With the Tata Group getting their arms on Air India, it marks the return of the airline to the Tatas after a spot of 68 years.
Extra particulars are awaited.
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