Air India Sale: In whose hands will the command of the debt-ridden government airline company Air India, it is likely to be disclosed tomorrow. CNBC-TV18 quoted sources as saying that the central government may announce the winner of the debt-ridden Air India bid on Friday. It is also discussed that Air India may again go into the bag of its old owner Tata Group. Air India was founded by the Tata Group.
According to Bloomberg’s report, by the end of the year, the command of the Maharaja i.e. Air India can again go to the hands of Tata Sons. However, the central government has denied these things.
DIPAM had said that the media reports approving the financial bids by the Government of India in the Air India disinvestment case are incorrect. The media will be informed about the government’s decision.
Air India, the only state-owned airline, is in deep debt these days. It has a debt of more than Rs 58 thousand crore. Alam is that the employees working here are not even getting their salary on time.
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Tata had launched
Let us tell you that in 1932 JRD Tata launched Air India under the name of Tata Airlines. In 1946, the name of Tata Airlines was changed to Air India. In 1953, the government bought Air India from Tata. Till the year 2000, this government airline continued to run in profit. But after 2001 its bad days started. This year the company had a loss of Rs 57 crore. Many officials were blamed for the loss of Air India.
Gradually the losses increased and the debt on Air India kept increasing. When the government could not find any way to get rid of the debt, it was decided to sell it.
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