The Tata Group’s acquisition of Air India has been approved by the Competition Commission of India (CCI).
Following the divestment of Air India Limited (Air India), the Tata Group has won a bid to acquire the entire company, including the wholly-owned subsidiary Air India Express Limited (AIXL) and a 50% stake in Air India SATS. The total number of permanent and contractual Air India & AIXL employees is 13,500.
The Tata Group’s holding company, Tata Sons, through its wholly-owned subsidiary Talace Pvt Ltd, submitted a winning bid of Rs 18,000 Crore.
Air India is a full-service airline operating in domestic and international markets. Air India Express is a low-cost carrier airline that focusses on short-haul international operations especially in the Middle East market. Air India SATS offers ground handling services.
Air India Cargo ended freighter aircraft operations in 2012, however, the company continues to manage the belly cargo hold capacity of Air India’s passenger fleet.
Air India has a fleet of 117 widebody and narrowbody aircraft and AIXL has a fleet of 24 narrowbody aircraft. A significant number of these aircraft are owned by Air India.
More than 70 international and 50 domestic destinations are served.
More than two thirds of Air India’s consolidated revenues come from the international market.Share this story