Air India likely to be handed over to Tata group by weekend

New Delhi, Jan 24: Air India is likely to be handed over to the Tata group by the end of this week, senior government officials said on Monday.

New Delhi, Jan 24: Air India is likely to be handed over to the Tata group by the end of this week, senior government officials said on Monday. After acompetitive bidding process, the government had on October 8 last year sold Air India to Talace Private Limited -- a subsidiary of the Tata group's holding company -- for Rs 18,000 crore. Following that, on October 11, a Letter of Intent (LoI) was issued to the Tata group confirming the government's willingness to sell its 100 percent stake in the airline. On October 25, the Centre signed the share purchase agreement (SPA) for this deal.

These unions - Air India Employees' Union (AIEU) and All India Cabin Crew Association (AICCA) - on Monday wrote to Dutt opposing the order on the grounds that it is dehumanising and in violation of rules prescribed by aviation regulator DGCA.

"BMI is a person's weight in kilograms divided by the square of height in metres. A high BMI can indicate high body fatness," stated the website of US' Centers for Disease Control and Prevention.

Three days after Air India's sale was announced on October 8 last year, a Letter of Intent (LoI) was issued to the Tata Group confirming the government's willingness to sell its 100 percent stake in the airline. On October 25, the Centre signed the share purchase agreement (SPA) for this deal.

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