Tata Sons-backed special purpose vehicle( SPV) Talace has won the bid to buy out the government's

Govt to get Rs 2, 700 cr cash from Tatas for sale of its 100 pc stake, said DIPAM Secretary.... Tata Sons' winning bid of Rs 18, 000 crore for Air India higher than reserve price of Rs 12, 906 crore set by government, the official added.... Ltd for sale of 100% equity shareholding of Government of India in Air India along with equity shareholding of Air India in AIXL and AISATS....

The Indian aviation industry was able to breathe a little easier in 2021 as domestic flight operations reached their pre-pandemic levels even though international services continued to remain curtailed due to Covid-related travel restrictions. Air India's sale to the Tata Group and arrival of Rakesh Jhunjhunwala-backed new airline Akasa Air in 2021 are likely to introduce more competition and change the dynamics of the Indian aviation sector in the coming years. While the Ministry of Civil Aviat