Air India Express Current Affairs, GK & News

Transfer of Air India -Time Line

On January 27, 2022, the Union government transferred its shares in Air India to Tata Sons subsidiary, Talace. Key Facts Apart from Shares, its control and management were also transferred to Talace. With this, disinvestment process ended which started five years ago. Air India has been a public sector undertaking from 1953. The transaction covers ..

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CCI approves acquisition of Air India stake by Tata sons

On December 20, 2021, the Competition Commission of India (CCI) approved the acquisition of Air India, Air India SATS Airport and Air India Express by Talace, a wholly owned subsidiary of Tata Sons. Key Points Currently, Air India is wholly owned by the government. Air India, along with AIXL, is primarily engaged in business of ..

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Vande Bharat Mission Phase 5 to Start from August 1

The fifth phase of the Vande Bharat Mission aimed at evacuating the Indian nationals stranded in various foreign countries on account of restrictions on air travel will commence from August 1. India has already brought around 2.5 lakhs stranded Indians from various countries through Air India flights. Now, additional flights will be launched in order ..

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Government to sell its Entire Stake in Air India

As a part of the strategic disinvestment, On Monday, 27th January 2020, the Government of India has declared a bid document for selling its 100 percent stake in debt-laden Air India. Air India currently holds 50 percent shareholding in a joint venture with the Singapore Airport Terminal Services (AISATS Limited) and 100 percent stake in ..

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