Tata Sons board to meet on Thursday for debt-laden Air India takeover

The government will hand over the control of debt-laden national carrier Air India to the Tata group on Friday.

Business Standard can confirm that the board of Air India and Tata Sons will meet on Thursday to formalise the handover the process. The existing board of Air India, which includes four functional directors, two government-nominee directors, chairman, and managing director (CMD), will resign and a board, consisting of Tata group executives, will take charge of the airline.

Sources said that from the Tata’s side Nipun Aggarwal, senior vice president at Tata Sons, Saurabh Agrawal, CFO at Tata Sons, Suprakash Mukhopadhyay, group corporate secretary at Tata Sons, Eruch Noshir Kapadia, former CFO at Tata Sons and Sunil Bhaskaran, CEO of AirAsia