Air india share price

Aviation stocks fell amid reports that Tata Sons had successfully bid for Air India and an official announcement was imminent. Tata Sons won the bid for national carrier Air India, according to a Bloomberg report. A panel of ministers accepted the conglomerate’s proposal to take over the airline, according to the report. An official announcement is expected in the coming days. Also read: Air India Disinvestment LIVE Updates: Tata Sons has likely won the bid, says report Moneycontrol independently confirmed with officials in the Ministry of Civil Aviation that Tata Sons was the frontrunner for the airline. “The Tatas have placed the highest bid for Air India,” an official said, adding that an official decision on the stake sale will be taken in the next few days. CNBC TV-18 reported that the government plans to hand over the airline to the new owners by December. Amid the reports, aviation stocks declined. InterGlobe Aviation, which operates IndiGo, fell 2 percent at 12:27 hours on October 1. SpiceJet and Jet Airways shed half a percent each. Catch all the market action on our live blog InterGlobe Aviation traded at Rs 1,982.35, down Rs 39.70, after touching an intraday high of Rs 2,029.00 and an intraday low of Rs 1,970. SpiceJet traded at Rs 74.70, down Rs 0.45, after climbing to as much as Rs 76.25 and dropping to Rs 74. IndiGo remains the market leader but rivals may have started catching up. Data from the Directorate General of Civil Aviation suggests that AirAsia Indi...

In announcing the sale on Friday, the government said An initial sale attempt by the government in 2018 failed to attract any bidders. The sale marks the return of Air India to the Tata Group, a pioneer in Indian commercial aviation when it first launched the airline in 1932, before it was taken over by the government in 1953. Ratan Tata, the chairman emeritus of Tata Sons, said in a tweet: “The Tata Group winning the bid for Air India is great news! While admittedly it will take considerable effort to rebuild Air India, it will hopefully provide a very strong market opportunity to the Tata Group’s presence in the aviation industry.” Read more In January 2020, the government invited initial expressions of interest in the airline, which operates both domestic and international routes and has accumulated huge losses in the past decade. The Tata Group is a sprawling collection of nearly 100 companies that includes the country’s largest automaker, the largest private steel company and a leading outsourcing firm. The companies employ more than 350,000 people around the world. Tata bought Jaguar and Land Rover for $2.3bn from Ford in June 2008. It also runs a budget airline, Air Asia India, in cooperation with Malaysian carrier Air Asia Berhad, and full-service carrier Vistara with Singapore Airlines. Air India carried more than 18 million domestic passengers in 2019, and has suffered from overly bureaucratic management and political interference as privately owned low-cost carr...

Air India, the country’s first air carrier, has almost been synonymous with India’s aviation story. Its journey which can be traced back to the pre-independence era, has seen many turbulent phases, the most significant being its transformation back from a public-owned enterprise to a private entity. The airline was bought back by the Tata Group in 2022. This move marked a significant shift in the airline’s ownership structure, with the Indian government relinquishing control to private hands, hoping to infuse a fresh lease of life into the debt-ridden carrier. So, with the ‘Maharaja’ now back with its original owners, we bring you a deep dive into the company and how you as an investor can get in on the action. Air India Company History Air India has been a prominent name in the aviation industry for several decades. The Maharaja was established in 1932 as Tata Airlines. It got its current name in 1946. Post-independence, in 1953, the government nationalised the airline. For years, the airline enjoyed a monopoly in the Indian skies, connecting the vast nation and serving as its international ambassador. However, the advent of liberalisation in the 1990s ushered in private airlines, intensifying competition. Financial troubles started mounting for Air India, leading to a burgeoning debt crisis. Despite numerous bailout attempts, the situation worsened, pushing the government towards privatisation. The government eventually sold the airline in 2022, marking a new chapter in ...