CURRENT AFFAIRS

Detailed explanation-1: -The Cabinet Committee on Economic Affairs (CCEA) - empowered Air India Specific Alternative Mechanism (AISAM) comprising of Union Minister for Home Affairs and Cooperation Shri Amit Shah; Union Minister for Finance & Corporate Affairs Smt.

Detailed explanation-2: -Tatas retain Capt R S Sandhu as Air India’s chief of operations.

Detailed explanation-3: -Air India Sale, Disinvestment: Tata Sons’ winning bid of Rs 18,000 crore for Air India was higher than reserve price of Rs 12,906 crore set by the central government, DIPAM Secretary stated.

Detailed explanation-4: -Tata Sons subsidiary Talace Pvt Ltd emerged as the winning bidder for the debt-laden national carrier after quoting an enterprise value of ₹18,000 crore. The government will take a hit of ₹28,844 crore.

Detailed explanation-5: -Tata Sons on May 12 announced the appointment of Campbell Wilson as chief executive officer (CEO) and managing director (MD) of Air India.