New Delhi: The government does not expect Air India‘s hand over Tata is getting delayed due to continuing legal action by the shareholders of you need multimedia To confiscate Indian property abroad. Officials with knowledge of the matter say the transition is going to happen “very soon”, and the earliest target would be by the end of the month.
board of Air Asia India (AAIPL), in which Tata holds 83.7%, will meet on Monday. While the agenda could not be ascertained, the first merger would be the low-cost carrier of AAIPL and AI Express. Air India and Vistara (51% owned by Tata and 49% by Singapore Airline, or SIA) will continue to operate as separate full service carriers (FSCs) until SIA agrees to a merger FSC.
“Things (are) resolved (out). Shutting down very soon,” top government sources told TOI on Sunday on whether the Dewas Multimedia shareholders’ decision would delay the handover of AI despite the Supreme Court’s recent winding up of the company.
“We have already entered into liens on tens of millions of dollars in Indian state assets or received confiscation and decoration orders. “We will continue to identify and confiscate the state’s assets until India returns to the negotiating table in good faith,” a spokesperson for Dewas Multimedia said on Sunday.
In the meantime, say AI officials: Bye The group has launched a “Train the Trainer” program under which a few people from various departments have been selected to be trained about the Tata ethos, work culture. In return, the trained will train their allies. An official said, “An important point to be pointed out is that unlike PSUs where seniority decides who will be the boss, AI employees must be prepared to work under someone who may be younger than them. ”
Tata has so far not commented on preparations or plans to acquire the airline founded 69 years ago by JRD Tata.
“The transition period is likely to see someone coming from Tata as the accountable manager and senior AI executives continuing to serve in their current roles, barring a few changes on the non-operational side. The Tata-appointed head will require some time for acquisitions, till they are finalized and announced and then secondly, security clearance is given by government agencies,” a person with knowledge of the matter he said.
Nipun Agarwal, senior VP at Tata Sons – an engineer from Delhi College of Engineering and a postgraduate in finance and management from IIM Calcutta – is expected to play a key role in AI.
board of Air Asia India (AAIPL), in which Tata holds 83.7%, will meet on Monday. While the agenda could not be ascertained, the first merger would be the low-cost carrier of AAIPL and AI Express. Air India and Vistara (51% owned by Tata and 49% by Singapore Airline, or SIA) will continue to operate as separate full service carriers (FSCs) until SIA agrees to a merger FSC.
“Things (are) resolved (out). Shutting down very soon,” top government sources told TOI on Sunday on whether the Dewas Multimedia shareholders’ decision would delay the handover of AI despite the Supreme Court’s recent winding up of the company.
“We have already entered into liens on tens of millions of dollars in Indian state assets or received confiscation and decoration orders. “We will continue to identify and confiscate the state’s assets until India returns to the negotiating table in good faith,” a spokesperson for Dewas Multimedia said on Sunday.
In the meantime, say AI officials: Bye The group has launched a “Train the Trainer” program under which a few people from various departments have been selected to be trained about the Tata ethos, work culture. In return, the trained will train their allies. An official said, “An important point to be pointed out is that unlike PSUs where seniority decides who will be the boss, AI employees must be prepared to work under someone who may be younger than them. ”
Tata has so far not commented on preparations or plans to acquire the airline founded 69 years ago by JRD Tata.
“The transition period is likely to see someone coming from Tata as the accountable manager and senior AI executives continuing to serve in their current roles, barring a few changes on the non-operational side. The Tata-appointed head will require some time for acquisitions, till they are finalized and announced and then secondly, security clearance is given by government agencies,” a person with knowledge of the matter he said.
Nipun Agarwal, senior VP at Tata Sons – an engineer from Delhi College of Engineering and a postgraduate in finance and management from IIM Calcutta – is expected to play a key role in AI.
,