Today: 4 July 2025
8 October 2021
2 mins read

Tata takes back Air India

Under the deal now, Tata Sons will acquire Air India, 50 per cent of Air India-Sats, and Air India Express…reports Asian Lite News

Life has come full circle for the Tata Group which has emerged as the winning bidder to takeover Air India, an airline that they once started and nurtured before the government decided to nationalise the air carrier in 1953.

In a throwback of the journey the airline has taken so far, Ratan Tata, the Chairman Emeritus of Tata Sons, on Friday tweeted an old photograph of the company’s former Chairman J.R.D. Tata getting down from an Air India aircraft, minutes after Tata Sons won the bid to regain control of the airline.

“Welcome back, Air India!”, Ratan Tata tweeted.

“The Tata Group winning the bid for Air India is great news! While admittedly it will take considerable effort to rebuild Air India, it will hopefully provide a very strong market opportunity to the Tata Group’s presence in the aviation industry,” he said.

“On an emotional note, Air India, under the leadership of Mr JRD Tata, had, at one time, gained the reputation of being one of the most prestigious airlines in the world. Tatas will have the opportunity of regaining the image and reputation it enjoyed in earlier years. Mr JRD Tata would have been overjoyed if he was in our midst today,” Ratan Tata tweeted.

“We also need to recognise and thank the government for its recent policy of opening select industries to the private sector. Welcome back, Air India!,” he said.

It was in 1932 that Tatas’ journey into the aviation sector in India began, which in 1946 led to the renaming of the Tata Airline to Air India after the entity turned public. The airline went out from its hands in 1953 when the government decided to nationalise it.

Under the deal now, Tata Sons will acquire Air India, 50 per cent of Air India-Sats, and Air India Express. The government will get Rs 2,700 crore in cash from the sale. The rest is the government’s debt, which Air India will take over.

ALSO READ: India, China face off along LAC in Arunachal

ALSO READ: Tata Lockheed Martin delivers 150th C-130J Super Hercules empennage

Previous Story

US submarine hits underwater object in Pacific Ocean

Next Story

‘You killed a person who served Kashmiris’

Latest from Business

Northeast Is Growth Engine

Scindia also provided updates on the government’s efforts to facilitate the entry of SpaceX’s Starlink service into India. “All due diligence from the Ministry’s side is complete Union Minister for Communications and

India to Empower Global South

India is emerging as a pivotal force in the global transition to clean energy, with Union Minister for New and Renewable Energy, Pralhad Joshi, asserting that the country is empowering the Global

Maruti’s Global Push Breaks Record

June shipments hit 37,842 units, signalling robust global demand Maruti Suzuki India recorded its highest-ever monthly exports in June, shipping 37,842 units and marking a new milestone that highlights the company’s expanding

Qatar Debut For Tata

Tata Motors emphasised that its international offerings are backed by strong research and development capabilities, with vehicles that are thoroughly tested and adapted to local conditions Tata Motors has unveiled its all-new

India’s Millionaire Wealth Surges

Strong equity markets and investor optimism around artificial intelligence (AI) played key roles in bosting returns and overall wealth creation India recorded a robust 8.8 per cent rise in high-net-worth individual (HNWI)
Go toTop

Don't Miss

Markets Shift Gears after Volatile Week

There was a lot of activity in the primary markets

Kant lauds India’s G20 presidency  

Providing a vision and way forward, Kant outlined the strategies