ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Air India flies back to Tata Group after 7 decades

Conglomerate wins bid to buy troubled government airline it founded in 1930s

Air India has incurred losses since its 2007 merger with another state-owned domestic carrier, Indian Airlines, as it struggled to compete with private airlines.   © Reuters

NEW DELHI -- Tata Sons, the holding company of India's largest conglomerate Tata Group, has won the bid for Air India, the government announced on Friday, bringing the drawn-out process to a close. The debt-ridden state-run airline returns to the group it was founded by after nearly seven decades of being nationalized.

Tata Sons -- through its wholly owned subsidiary Talace Private Limited -- had submitted the winning bid of 180 billion rupees ($2.4 billion) as the enterprise value of Air India, Tuhin Kanta Pandey, the secretary in the government's Department of Investment and Public Asset Management, told a media briefing.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more