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Explained: Why Air India transfer to Tatas is delayed yet again?

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Explained: Why Air India transfer to Tatas is delayed yet again?

January 27 was set as the date to complete the handover of Air India to Tata Group, a delay from the previous end-December deadline. The target timeline for closing the deal was extended to the end of January after finalizing the airline’s balance sheet and obtaining the necessary approvals from global regulators.

What are the other steps to transfer the airline to Tatas?
The airline will share its balance sheet with Tata Group on Monday for a review, which is expected to be completed on Wednesday, according to an Air India official. After that, a handover is likely on Thursday (January 27). The closing date for the balance sheet is set for January 20.

Why was the transfer delayed in the first place?
On October 11, the centre issued a Letter of Intent (LoI) to Tata Group confirming its willingness to transfer 100% of the airline’s stake to the Mumbai-based conglomerate. At the time, the projected transfer schedule was set for the end of December. The date was extended to the end of January due to various pending approvals.

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Why is there a delay in finalizing the balance sheet?
A final balance sheet is being prepared and approved by various airline regulators, lenders and lessors. The balance sheet, which will be provided to Tata Group, is expected to account for Air India’s daily losses of Rs 200 crore until the deadline. Furthermore, the Indian Express reported on Sunday, citing a response from RTI, that various government departments and ministries had not made payments of Rs 278.49 crore to Air India as of October last year.

What fees do these dues cost?
According to the data, the pending amount includes Rs 2,447.8 crore from over 700 government ministries and ministries as of September 2021 and Rs 337.1 crore for various VVIP flights as of July 27, 2021.

This also includes the Prime Minister’s flight dues of Rs 7.2 crore and the President’s flight dues of Rs 614 crore. The airline has started recovering outstanding dues from various government departments and as of November 30, 2021, the airline has recovered Rs 3,038 crore.

Complete News Source : The Indian Express

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$92.8 million

Akshay Kumar wishes director Priyadarshan on birthday with Bhooth Bangla BTS pic: ‘Surrounded by ghosts…

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Akshay Kumar wishes director Priyadarshan on birthday with Bhooth Bangla BTS pic: ‘Surrounded by ghosts…

Akshay Kumar and Priyadarshan, the acclaimed Indian director, celebrated their 68th birthday on Instagram. Kumar, who has worked with Priyadarshan on several cult comedies of the early 2000s, wished him a happy birthday and called him a mentor. The duo is now back together for their upcoming horror-comedy, Bhooth Bangla.

The first poster of the movie has been released, and it is expected to hit theaters in 2025. Akshay Kumar wore a black fedora and a green jacket, layered over a black tee, and fans have expressed their excitement for their new movie.

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The duo’s dynamic and deep bonding have been praised by fans, who have expressed high anticipation for their new movie. The first poster of Bhooth Bangla has already been released, and the movie is expected to hit theaters in 2025.

Akshay Kumar, the versatile Bollywood actor, recently celebrated director Priyadarshan’s birthday by sharing a behind-the-scenes (BTS) photograph from their upcoming film, “Bhooth Bangla.” In the image, Akshay humorously captioned, “Surrounded by ghosts…” The photo features Akshay alongside Priyadarshan and co-actor Paresh Rawal, all dressed in traditional attire, with a black cat perched on Akshay’s shoulder, adding a whimsical touch to the scene.

Reunion After 14 Years

This collaboration marks a significant reunion between Akshay Kumar and Priyadarshan, who last worked together on the film “Bhool Bhulaiyaa” in 2007. Their partnership has been celebrated in the past for delivering successful comedies like “Hera Pheri” and “Garam Masala.” Fans have eagerly anticipated their return to the big screen together, and “Bhooth Bangla” promises to be a delightful addition to their repertoire.

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About ‘Bhooth Bangla’

“Bhooth Bangla” is a horror-comedy that blends elements of suspense with humor, a genre in which both Akshay Kumar and Priyadarshan have excelled. The film is produced by Balaji Telefilms Ltd in association with Cape of Good Films. The motion poster released earlier this year features Akshay Kumar in a suit, with a cat on his shoulder, licking milk slyly, setting the tone for the film’s intriguing and humorous premise.

instantbollywood.com

Anticipation and Fan Reactions

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The BTS photo shared by Akshay Kumar has generated excitement among fans, who are eager to see the trio back together on screen. The playful caption and the presence of the black cat suggest that “Bhooth Bangla” will offer a mix of thrills and laughs, staying true to the successful formula of their previous collaborations.

As the release date for “Bhooth Bangla be a significant highlight in the upcoming entertainment lineup. The reunion of Akshay Kumar, Priyadarshan, and Paresh Rawal, combined with the intriguing premise and the playful BTS moments, has set high expectations among audiences. Fans can look forward to a cinematic experience that promises both chills and chuckles.

For a visual glimpse into the making of “Bhooth Bangla,” you can watch the following video Akshay Kumar expressed his gratitude as they once again united for their upcoming movie Bhooth Bangla. This marks a new chapter in their long-standing collaboration since the 2000s. He shared a picture from behind the scenes of their new movie, where it seems like they are laughing about something.

Akshay wrote,”Happy Birthday, Priyan Sir! What better way to celebrate than by spending the day on a haunted set, surrounded by ghosts…both real and unpaid extras? Thank you for being a mentor, and the only person who can make chaos look like a masterpiece. May your day be filled with fewer retakes. Wishing you a fantastic year ahead!”

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