Air India stop credit facility to Minister, Govt Officer and Center Ministries to clear dues.

After several months, the ownership of Air India will finally go to the TATA group, it has been sealed. However, there is talk that the operation of a company like Air India, which already has a debt of thousands of crores, will not be easy for the TATA group.

The operation of Air India, which has incurred huge losses, is now becoming difficult for the Modi government. Therefore, emphasis is being laid on transferring Air India to TATA as soon as possible. The transfer process of Air India should be expedited, the government said

The TATA Group has now made a disciplined start to address the multi-billion rupee debt and laziness in operations. With the first decision, the Tata group has dealt a severe blow to Union ministers and officials. Air India has stopped borrowing from ministers and officials.

Ministers and officials will no longer get credit facilities while traveling by Air India. A similar statement has been issued by the Finance Ministry. Since 2009, Air India has given credit to international ministers and officials of the Government of India for international and domestic travel.

After the journey, the ticket amount was paid to Air India by the government a few days later. But in the last few years, there has been a huge amount of borrowing. Which also caused a loss to Air India.

Recently, the government succeeded in auctioning Air India. The TATA group has bought Air India for Rs 18,000 crore. An agreement was reached between the two sides.

The TATA Group operates on good governance, discipline, and quality. Over the last 100 years, the Tata Group has left a distinct mark on India's industrial development. Therefore, it is predicted that Air India will regain its momentum.

Air India's operations are likely to undergo major changes once the TATA group takes full control. Part of that is the travel ban on loans to ministers and government officials.

The finance ministry has issued a statement instructing ministers and government officials to purchase cash tickets for air travel by Air India. Meanwhile, a total of 141 Air India aircraft will be delivered to TATA.

Tata Sons will have to repair 23 aircraft. The repair and maintenance of Air India's aircraft are expected to cost Rs 3,000 crore. It is learned that Tata Group will borrow Rs 18,000 crore for the acquisition of Air India.

Air India currently has a fleet of 58 Airbus, A320 family aircraft, 14 Boeing 777s, 22 B787 Dreamliners, and 24 B737 Airworths of AI Express. At present, Air India has a debt of Rs 61,562 crore. Of this, 75 percent goes to the Tata group.

The TATA group is huge and it is said that Tata Sons will have no problem borrowing. The TATA group is also in talks with some foreign banks and select local banks. Foreign banks include Standard Chartered, Citi, Deutsche, JPMorgan, and Barclays.

TATA Sons have been forming a team of consultants for a short period before the acquisition of Air India. It will have CEOs of Tata Sons, including board members, global aviation experts, and some senior Air India executives. Groups comprising Air India.