Tata Sons wins the bid for acquiring national carrier Air India

New Delhi: Putting all speculation to the rest, the Talace Pvt Ltd of Tata Sons has official won the bid for acquiring national carrier Air India. This was informed by the Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kant Pandey today.

While addressing a press meet this afternoon, Tuhin Kant Pandey said that Tata Sons won the bid at Rs 18,000 crores for the flag carrier.

Meanwhile, Tata Chairman Ratan N. Tata taking to his Twitter handle wrote, “Welcome back, Air India.”

“The Tata Group wining the bid for Air India is great news! While admittedly it will take considerable effort to rebuild Air India. It will hopefully provide a very strong market opportunity to the Tata Group’s presence in the aviation industry,” he wrote adding “On an emotional note, Air India, under the leadership of Mr. J. D. Tata had at one time gained the reputation of being one of the most prestigious airlines in the world. Tata will have the opportunity of regaining the image and reputation it enjoyed in earlier years. Mr. J.R.D Tata would have been overjoyed if he was in our midst today.”

He further said, “We also need to recongnise and thank the government for its recent policy of opening select industries to the private sector. Welcome back, Air India!”

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