The bids for Air India have officially opened and reports suggest that Tata Sons has submitted its bid for the distressed national carrier Air India which has a debt of ₹ 43,000 crore.
The government is planning to sell a 100% stake in the airline and its low-cost arm Air India Express as well as a 50% stake in ground handling company Air India SATS Airport Services Private Limited (AISATS).
Other properties which include Mumbai's Air India building and Delhi's Airlines House will also be part of the deal.
Tatas set up Tata Airlines in 1932, which was later in 1946 renamed as Air India. The government took control of the airline in 1953 but JRD Tata continued to be its chairman till 1977
At present, Tata operates Vistara in partnership with Singapore Airlines and AirAsia India in partnership with Malaysia's AirAsia.
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