The Government today announced that Talace Pvt Ltd, the special purpose vehicle (SPV) set up by Tata Sons, had emerged as the highest bidder for national flag carrier Air India with a winning bid of Rs 18,000 crore as enterprise value (EV), marking the end of a long and protracted divestment saga.
SpiceJet’s Chairman & Managing Director, Ajay Singh has called the privatisation of Air India (AI) as ‘healthy’ and good for the country. Singh, who was speaking at the 77th annual general meeting of the International Air Transport Association, added that AI’s glory will be restored once it is completely taken over.
Air India is likely to go to Tata Sons with the salt-to-software conglomerate emerging as the top bidder for the national carrier but a top ministers' panel headed by Home Minister Amit Shah is yet to give its approval.