How Tatas bagged Air India: Check the timeline of Rs 18,000-cr deal
Preeti Verma | Oct 08, 2021, 05:56 PM IST
The Centre today announced the winning bidder for the national carrier Air India. The salt-to-steel conglomerate Tata Group, which had founded the airline, has emerged as the lead winner with an Enterprise Value quote Rs 18,000 crore.
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1932
Air India, originally called Tata Airlines, was established in 1932 by JRD Tata
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1953
Nationalised by Government
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2007
Air India has been in losses ever since its merger with domestic operator Indian Airlines
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2013
Civil Aviation Minister said privatization was key to its survival
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2017
The government approved starting divestment process
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Oct 2021
Bidder Finalised