Tata Sons will get full control of Air India
The Indian government has signed a share purchase agreement with Tata Sons, for divestment of the government's stake and management control in its national carrier Air India.
Image: Shutterstock
This marks the first privatisation in nearly two decades.
Tata Sons will get full control of Air India, its low-cost carrier Air India Express and a 50% stake in ground handling company Air India SATS Airport Services.
The group will also take over 141 Air India aircraft, of which 42 are leased and remaining are owned.
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