Air India News: Air India, which has taken countless passengers to their destination, is going to get its new destination very soon and it is very possible that Air India will return home again. The government had invited bids to sell Air India, which expired on Wednesday. Ajay Singh, chairman of Tata Group and SpiceJet, has made the last bid to buy Air India.
Will Air India return home?
According to sources, the claim of Tata Sons is stronger. That is why it is being said that Air India may return home.
Air India was started by the Tata Group in 1932.
JRD of Tata Group Tata was its founder.
Air India was then renamed Tata Air Service.
By 1938, the company had started its domestic flights.
After the second world war, it was made a government company.
After independence, the government bought 49% stake in it.
Air India has never been in net profit after merger with Indian Airlines
Air India has never been in net profit since its merger with Indian Airlines in 2007. Air India is expected to have a loss of around Rs 10,000 crore in the quarter ending March 2021. The company had a total debt of Rs 60,074 crore as on 31 March 2019. But now whoever buys Air India, he will have to bear the debt of Rs 23,286.5 crore out of this.
At present, Air India controls 4400 landing and parking slots in the country and 1800 abroad.