New Delhi: On Friday the india government rubbished all the media reports. Claiming that the Tata Sons had won the bid to take over debt-ridden the Air India.
The government has just said that. All the bids are being evaluated now and the right decision is yet to be taken.
The Secretary, Department of Investment and Public Asset Management (DIPAM) has made. It very clear through Twitter that, “All media reports that the Government of India has approved. All types of financial bids in this matter of AI disinvestment are false. All media persons will be informed about this decision of the Government of India.
Once before, Bloomberg reported that Tata has been selected. As the winning bidder for Air India through a government panel.
The Tata group was one of the many entities that had given. Initial expression of interest on the purchase of the Maharaja in December 2020. The founder of SpiceJet named Ajay Singh. And the founder of SpiceJet also participated in the bidders.
Governments Tried to sell the airline
Suffering heavy losses Air India since its merger with the domestic operator Indian Airlines in the year 2007.
Several governments have tried to sell the airline. Which started a new life as a different form of Tata Airlines in 1932. But those efforts either lacked interest from potential buyers or met with political opposition.
This airline was founded by the famous industrialist and philanthropist named JRD Tata. Who became the first licensed pilot in India.
It was then originally established in 1930 in British-ruled India. Then undivided and Bombay now known as Mumbai.
Once it became commercial and then became public in the year 1940. Then Air India very quickly became popular among. All those who could afford this flight in the sky.
After the merger with state-owned domestic operator Indian Airlines in 2007. The huge losses started mounting and by 2013. The country then civil aviation minister had said. That privatization was now the key to its survival.
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