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Tata Group Likely To Buy Air India By August End: Report

by Rahul Gautam Aug 14, 2020 • 06:22 PM Views 365

The Tata group may propose to buy loss-making Air India by the end of the month. Tata group will buy the government airlines alone and is not looking for any financial partner in this venture. The Ministry of Civil Aviation wanted to sell the government airlines between March and April which could not happen due to the coronavirus pandemic. Statistics show that the total loss of Air India is more than Rs 40,000 crore and in the last financial year, there was a loss of Rs 4,600 crore in running Air India