Tata Sons is setting up a short-term advisory team ahead of its takeover of Air India. This will comprise key Tata Group executives, including board members, global aviation specialists and some top Air India officials, said people with knowledge of the matter.
The Tata Sons board will meet on Tuesday to discuss the strategy for Air India, they said. Funding plans for the group’s airline businesses, including Air India, will also most likely be discussed.
The government announced Friday that the group will take over state-owned Air India through Talace Ltd, a wholly owned subsidiary. Talace will eventually house the two Tata carriers, Vistara and AirAsia India, said the people cited above.
The Tata Group is keen to hit the ground running with Air India and the advisory team will guide its integration into the fold, including takeover and handover formalities, they said.
Tata Sons did not comment.