Vinod Hejmadi, Director Finance, Air India, said in an email to employees "The disinvestment of Air India is now decided to be on the 27 January 2022. The closing balance sheet as on 20th Jan has to be provided today 24th Jan so that it can be reviewed by Tatas and any changes can be effected on Wednesday,"
Reports has said that Tata Sons Chairman N Chandrasekaran will meet Prime Minister Narendra Modi today.
The new board will be formed after Air India resigns later in the day. Tata is also in talks to appoint an ex-pat from the global aviation industry as the CEO of Air India.
Following the bidding process, the government sold Air India on October 8, 2021, to Tales Pvt Ltd, a subsidiary of the Tata group's holding company, for INR 18,000 crore.
Indicating the shift, Tata introduced "advanced meal service" on four Air India flights that will operate from Mumbai today.
However, from that day onwards, Air India flights will not fly under the Tata group banner.
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Also Read: 'Don't Travel India' US Tells Its Citizens Due to Rise in Covid Cases
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