Tata Sons (TATAS.UL) regained control of Air India (AIN.UL) - nearly 70 years after its nationalisation - with the government picking up the salt-to-software conglomerate as the winning bidder for the debt-laden state-run airline.
* Oct. 29, 2020 - The government gets two bids after extending the deadline several times.
* Aug. 7, 2020 - At least 17 people are killed and more than 100 injured after a plane belonging to budget arm Air India Express overshoots the runway near a southern Indian city.* Dec. 12, 2019 - The government decides to sell 100% of its stake after failing to find takers for its offer of 76% and full debt of the company. Provides flexible debt assumption terms.
* March 28, 2018 - India plans to sell a controlling stake, along with roughly $5.1 billion of the carrier's debt. * April 2012 - India approves a $5.8 billion bailout for Air India, which was to be received by 2020.to prepare a roadmap for the airline's recovery after years of losses under state control and emergence of new players.* 1946 - Tata Airlines converted into a public company and renamed Air-India Ltd. In the same year, the airline adopts its widely recognised 'Maharaja' mascot.
* 1932 - Air India founded by JRD Tata as Tata Airlines, India's first airline. It operated only domestic flights at that time.Our Standards:Subscribe for our daily curated newsletter to receive the latest exclusive Reuters coverage delivered to your inbox.
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