Tata buys back Air India for US$2.4bn 89 years after it founded the airline
India’s largest conglomerate, Tata Sons (Tata), has acquired the country’s government-owned, debt-ridden carrier, Air India, having outbid SpiceJet to return the carrier to the private sector. It is understood that Tata will pay US$2.4 billion, (INR180 billion), while SpiceJet had offered INR151 billion. Tata will absorb INR153 billion of the carrier’s current debt of INR615 […]
Tata buys back Air India for US$2.4bn 89 years after it founded the airline Read More »