Tata Buying Air India, The Bigwig in Talks With The Government
  • Contact Us
  • Privacy Policy
  • Disclaimer
Thursday, August 11, 2022
Yo Vizag
  • Magazine
  • News
  • People
  • Food & Drink
  • Opinion
  • Entertainment
  • Lifestyle
  • More
    • Covid-19
      • Important Helpline Numbers
      • Hospitals in Vizag
      • Donate Plasma
    • Heritage
    • Travel
    • Beauty & Wellness
    • Behind The Name – Vizag
    • Buddhist Sites In Vizag
    • Places To See In Vizag
    • Religious Places
    • Beach in
    • Vintage Vizag
    • Visakhapatnam Pincode
    • Vizianagaram Pincode List
  • Join NowTelegram Channel
No Result
View All Result
  • Magazine
  • News
  • People
  • Food & Drink
  • Opinion
  • Entertainment
  • Lifestyle
  • More
    • Covid-19
      • Important Helpline Numbers
      • Hospitals in Vizag
      • Donate Plasma
    • Heritage
    • Travel
    • Beauty & Wellness
    • Behind The Name – Vizag
    • Buddhist Sites In Vizag
    • Places To See In Vizag
    • Religious Places
    • Beach in
    • Vintage Vizag
    • Visakhapatnam Pincode
    • Vizianagaram Pincode List
  • Join NowTelegram Channel
No Result
View All Result
Yo Vizag
No Result
View All Result
Home News/City Updates

Is Tata Buying Out Air India?

22/06/2017
in News/City Updates
Reading Time: 2 mins read
0
Tata

Tata buying AIR India

Share on FacebookShare on TwitterShare on WhatsAppShare on TelegramShare on Email

Tata buying AIR India will be a move to go down in history. Originally the idea of aviation in India was JRD Tata’s plan. The company managed to realize the idea in 1932 with the launch of Tata Airlines. But soon the government took over the airlines and thus AIR India was born in 1953. In 2013, Ratan Tata said that the company would be happy to look at the national carrier if one day it was put up for divestment. A good 16 years ago the group had shown significant interest in AIR India when the government had decided to sell 40% of the carrier. But the NDA government soon decided against their choice to sell.

The current situation is absolutely tricky for the Tata group. The government has been airy regarding its suggestion to the Tata group to buy the airline. N Chandrasekarnan, the Chairman of Tata group reportedly had a meeting with Arun Jaitley, the Union Minister and Ashok Gajapathi Raju, the Civil Aviation Minister in New Delhi regarding the said matter. The government is still deciding as to go for a partial divestment or a complete sale of the airline. The group isn’t willing to buy the airline if the government doesn’t reduce its debt of Rs.50,000 crores and beyond.

And why not? Tata are in great mess themselves right now financially as AirAsia India suffered a loss of Rs. 133 crores on revenues of Rs. 159 crores in 2015 and another venture called Vistara reported a loss of Rs.401 crore on revenues of Rs. 715 crores in 2016. The buyback of AI would only enhance the wounds for the group.

The plus points? Tata and Singapore Airlines together is planning to start international flights for Vistara next year and the groups require wide-body planes to be able to do that. If AI becomes a part of the Tata family then Vistara could fly international using the national carries overseas network and fleet.

Tags: air indiaAirAsiaAirAsia Indiaairlinesarun jaitleyAshok Gajapathi Rajucentral governmentChairman of Tata groupCivil Aviation ministerindiaJRD TataN ChandrasekarnanNDA governmentnew delhiplanesRatan TataSingapore AirlinesTataTata groupunion ministerVistara
Share103Tweet65SendShareSend

Related Posts

Andhra Pradesh students visit Punjab on exchange tour as part of Azadi Ka Amrit Mahotsav
News/City Updates

Andhra Pradesh students visit Punjab on exchange tour as part of Azadi Ka Amrit Mahotsav

02/08/2022
Seaplane services from Visakhapatnam possible, says Ministry
News/City Updates

Seaplane services from Visakhapatnam possible, says Ministry

26/07/2022
Australian business delegation visits Vizag to explore trade opportunities
News/City Updates

Australian business delegation visits Vizag to explore trade opportunities

16/07/2022
Expect rainfall to continue for next five days in Andhra Pradesh, IMD report
News/City Updates

Expect rainfall to continue for next five days in Andhra Pradesh, IMD report

09/07/2022
Load More

Discussion about this post

Popular Posts

  • Top 8 Malayalam movies on Amazon Prime Video you must watch

    8 brilliant Malayalam movies you must watch on Amazon Prime Video

    33936 shares
    Share 13574 Tweet 8484
  • 7 movies releasing on OTTs this week of June to keep you entertained

    21696 shares
    Share 8678 Tweet 5424
  • Bigg Boss 4 Telugu: Voting numbers of contestants nominated for elimination in fourth week

    16878 shares
    Share 6751 Tweet 4219
  • Former TTD head priest Srinivasa Deekshitulu passes away due to COVID-19

    15287 shares
    Share 6115 Tweet 3822
  • 10 Indian web series on Amazon Prime, Netflix and other OTTs that you must watch

    14446 shares
    Share 5787 Tweet 3608
Vizag

With a distinction of being the oldest lifestyle magazine in Andhra Pradesh, Yo! Vizag has been catering engaging content to its readers for the past 10 years. From covering various happenings in the city to providing entertaining content, we keep our followers hooked day in and day out. Stay tuned to Yo! Vizag to get your daily capsule of news and entertainment.

  • Contact Us
  • Privacy Policy
  • Disclaimer

Recent Posts

August OTT updates: 7 movie releases this week that are a watch

August OTT updates: 7 movie releases this week that are a watch

by Team Yo! Vizag
09/08/2022
0

...

August OTT updates: 7 web series releasing this week to binge-watch

August OTT updates: 8 web series releasing this week to binge-watch

by Team Yo! Vizag
09/08/2022
0

...

Central teams to tour Andhra Pradesh Godavari flood hit areas to asses damage

Central teams to tour Andhra Pradesh Godavari flood hit areas to assess damage

by Team Yo! Vizag
09/08/2022
0

...

© 2020 DSA Media Publications - Brewed with ♥ by ideafirst

No Result
View All Result
  • Magazine
  • News
  • People
  • Food & Drink
  • Opinion
  • Entertainment
  • Lifestyle
  • More
    • Covid-19
      • Important Helpline Numbers
      • Hospitals in Vizag
      • Donate Plasma
    • Heritage
    • Travel
    • Beauty & Wellness
    • Behind The Name – Vizag
    • Buddhist Sites In Vizag
    • Places To See In Vizag
    • Religious Places
    • Beach in
    • Vintage Vizag
    • Visakhapatnam Pincode
    • Vizianagaram Pincode List
  • Join Now

© 2020 Yo Vizag - Brewed with ♥ by ideafirst.

Vizag