New Delhi, Jan 30 (TIWN) The Centre on Thursday handed over the management control of national carrier Air India to a subsidiary of Tata Sons.

With this Air India's strategic disinvestment was complete after the Centre received a consideration of Rs 2,700 crore from the 'Strategic Partner' -- Talace -- which is a wholly owned subsidiary of Tata Sons.

Besides the upfront payment, Talace will retain a debt of Rs 15,300 crore.