Govt likely hand over Air India to Tata group today, 'more suitable meal carrier' to be brought in flights
Nearly 69 years after it was taken from Tata Group, the authorities is likely handy over Air India to the conglomerate on Thursday as all the formalities are close to finishing touch, officials stated Wednesday.
However, Air India flights will no longer be flying under the banner of the Tata Group from Thursday itself, they said.
According to the officers, Tata Group has taken its first step at Air India through introducing "greater meal carrier" in four flights in order to operate from Mumbai on Thursday.
After a aggressive bidding process, the government had on October eight final yr offered Air India to Talace Private Limited, a subsidiary of the Tata Group's holding enterprise for Rs 18,000 crore.
Meanwhile, two airline pilot unions — Indian Pilots' Guild (IPG) and Indian Commercial Pilots' Association (ICPA) — Monday warned Air India's CMD Vikram Dev Dutt of criminal motion as "more than one deductions and recoveries had been projected" at the dues owed to pilots.
"This recovery exercise is completely illegal, and we demand that this anomaly is rectified and the amount due is repaid with immediate impact," the letter despatched through the 2 unions said. Additionally, different unions have antagonistic the provider's January 20 order to check grooming and degree the body mass index (BMI) of cabin crew participants on the airports simply earlier than their flights.
These unions — Air India Employees' Union (AIEU) and All India Cabin Crew Association (AICCA) — Monday wrote to Dutt opposing the order considering the fact that it's miles dehumanising and in violation of regulations prescribed by using aviation regulator DGCA.
"BMI is a person's weight in kilograms divided via the rectangular of peak in metres. A excessive BMI can imply excessive body fatness," said the website of the USA' Centers for Disease Control and Prevention.
Three days after Air India's sale became introduced on October eight ultimate year, a Letter of Intent (LoI) turned into issued to the Tata Group confirming the government's willingness to sell its a hundred percent stake within the airline.
On October 25, the Centre signed the proportion purchase agreement (SPA) for this deal.
As part of the deal, the Tata organization will also be surpassed over Air India Express and a 50 percentage stake in ground handling arm Air India SATS. Tatas had on October eight beat the Rs 15,a hundred-crore provide by using a consortium led by way of SpiceJet promoter Ajay Singh and the reserve charge of Rs 12,906 crore set via the government for the sale of its a hundred percentage stake within the loss-making provider.
While this could be the Centre's first privatisation due to the fact 2003-04, Air India can be the 0.33 airline logo in the Tatas' solid as it holds a majority hobby in AirAsia India and Vistara, a joint venture with Singapore Airlines Ltd.
