TATA SONS HAVE BEEN SELECTED AS THE WINNING BIDDER FOR AIR INDIA
The government lost nearly ? 20 crores every day to run the national carrier, which has accumulated losses of over ? 70,000 crore.
New Delhi: A panel of ministers has now accepted the proposal from officials recommending the salt-to-software conglomerate ahead of an offer from Ajay Singh, promoter of India's airline operator Spicejet.
Now when Tata Sons have been selected as the winning the bid for the debt-laden state-run to run Airlines-Air India, reports claimed on Friday. A panel of ministers even accepted a proposal from the officials for recommending that salt-to-software conglomerate ahead of an offer from Ajay Singh who is the promoter of India's airline operator Spicejet Ltd as reports said.
Even spokesperson from the Tata Sons has now declined to comment. A finance ministry spokesperson did not immediately respond to a Reuter's message seeking comment, while Air India declined to comment. Prime Minister Narendra Modi's government has been pushing to sell its entire interest in the loss-making airline, kept aloft by a bailout since 2012.
The government lost nearly ? 20 crores every day to run the national carrier, which has accumulated losses of over ? 70,000 crore officials have said. An effort to auction the majority of the stake almost three years ago drew no bids, forcing the government to ease the terms. It had also extended the deadline multiple times due to the pandemic.