INSUBCONTINENT EXCLUSIVE:
SpiceJet's Ajay Singh also took a part in the bidding process in his private capacity.New Delhi: SpiceJet Chairman and Managing Director
Ajay Singh on Friday congratulated the Tata Group on winning the Air India bid
Tata Sons' special purpose vehicle (SPV) Talace Pvt Limited placed a successful bid of Rs 18,000 crore to acquire the debt-laden national
Mr Singh, who also took a part in the bidding process in his private capacity, put a bid of Rs 15,100 crore against the reserve price of Rs
12,906 crore.The SpiceJet chairman, in a statement, said: "I congratulate the Tata Group on winning the bid for Air India and wish them all
It was my honour and privilege to be shortlisted for bidding for Air India
I am confident that the Tata Group will restore the glory of Air India and make all of India proud."Also Read: Tata Sons Wins Air India Bid
For Rs 18,000 CroreHe also thanked the government on the successful disinvestment of Air India and stated that it "ran a transparent and
flexible process and gave new impetus to India's disinvestment program."To conclude, he said, "I have been an Air India fan all my life
and it's time for the Maharaja to reclaim its position as a leading airline of the world."Tata Sons chairman emeritus Ratan Tata also
shared an emotional note on Twitter and wrote, "Welcome Back, Air India.""On an emotional note, Air India, under the leadership of Mr JRD
Tata had, at one time, gained the reputation of being one of the most prestigious airlines in the world
Tatas will have the opportunity of regaining the image and reputation it enjoyed in earlier years
Mr JRD Tata would have been overjoyed if he was in our midst today," Mr Tata said.Air India began life as Tata Air Services in 1932 when it
The company was nationalised by the government in 1953
JRD Tata continued to be its chairman till 1977.Air India became the first Asian airline to induct jet aircraft and started flying to New
York in 1960.Air India has accumulated losses of over Rs 70,000 crore and the government loses nearly Rs 20 crore every day.At present, the
Tata Group operates Vistara in partnership with Singapore Airlines and AirAsia India in partnership with Malaysia's AirAsia.
