New Delhi: Air India is ready to return to Founder Tata Group both this week or next.
Sanganover can occur on Thursday (January 27) if the balance of the airline’s closure on January 20, 2022, should be given to tatas on Monday, accepted by them and they then make a payment in advance Rs 2,700 Crore.
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This date was delivered to AI employees by the Finance Director of Vinod Hejmadi airlines.
“Disinvestment AI is now decided on January 27, 2022.
The balance sheet (must) be reviewed by tatas and every change can be done on Wednesday …
the next three days will be busy for our department and I ask you all to give the best in three This last day before we divesta.
We may have to work overtime at night to complete the task given to us, “Hejmadi, the member of the Council and the main architect of this divestment, said in a letter to the Finance Department staff on Monday because they will be asked to work In this case a vacation week.
Meanwhile, the AirAsia India Board (AAPL), where Tatas held 83.
7% of the shares and which will be combined with AI Express, met on Monday.
Parallly, the holder of the airline’s share led by the Chairperson of AAIll and the President of the Defense and the Group’s aerospace was studied to make a virtual presentation to become Chairperson of Tata Sons N Chandrasekan.
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Air India and Vistara (51% owned by Tatas and 49% by Singapore Airline, or SIA) will continue to operate as a separate full service operator (FSC) until it agreed to have a merged FSC.
Tatas so far not comment on the preparation of takeovers or plans for airlines founded by JRD Tata 69 years ago.
Unless there are differences of opinion between the owner out and in the balance sheet that may require the same calibration, Tatas will pay Rs 2,700 Crore in advance and take over the airline.
Apart from the upfront payment, the 18,000-crore RS agreement requires new owners to take over the AI debt of Rs 15,300 Crore.
Air India can return to Tatas next week
