Tata Sons Chairman Meets PM Modi Ahead Of Air India Handover 


New Delhi: Chairman of Tata sons N Chandrasekaran on Thursday met Prime Minister Narendra Modi, ahead of the official handover of Air India.  

“Shri N Chandrasekaran, the Chairman of Tata Sons called on PM @narendramodi @TataCompanies,” PMO India tweeted.  



The formal handover process is scheduled to take place at the Air India headquarters in the national capital. 

Reports said the SBI-led consortium has agreed to grant both term loans and working capital loans depending on the airline’s requirements. Meanwhile, all large lenders – Punjab National Bank, Bank of Baroda, and Union Bank of India – are part of the consortium.  

It is Pertinent To Mention that Tata Group, which won the bid to acquire the national carrier along with Air India Express and 50% stake in AISATS in October 2021, is expected to formally take over the airline today. 

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