The Tata Group Thursday regained control of Air India, 69 years after the Mumbai-based conglomerate relinquished its stake in the airline to the Central government.
Who owns Air India right now?
NEW DELHI: The government on Thursday handed over Air India (AI) to the Tata Group, marking the end of the process for the transfer of the debt-laden national carrier.
Is Air India owned by Tata?
The Tata group takes over management and control of the airline, starting today. The transaction covers three entities – Air India, Air India Express, and AI SATS. Air India is India’s flag carrier and premier full-service airline.
Will Air India be renamed?
Tatas had set up Tata Airlines in 1932, which was later — in 1946 — renamed as Air India. The government had taken control of the airline in 1953, but JRD Tata continued to be its chairman till 1977. The handover will be the homecoming of Air India to Tatas after 69 years.
Why did Tata bought Air India?
That the group is said to be considering consolidating Air India’s domestic low-cost services along with Air Asia India’s operations is a clear indication that the Tata bosses realise the need to optimise the varied aviation resources that are now in the group’s fold so as to enhance viability.
Will Tata Air India take over?
The government on Thursday officially handed over Air India to the Tata Group. Tata Sons chairman N Chandrasekaran said the group is very happy to have Air India back in its fold.
Why JRD Tata got Bharat Ratna?
He received the Padma Vibhushan in 1955. The French Legion of Honour was bestowed on him in 1983. In 1992, because of his selfless humanitarian endeavours, Tata was awarded India’s highest civilian honour, the Bharat Ratna.
Who is the CEO of Air India 2021?
Tata Group appoints Ilker Ayci as the CEO & MD of Air India
The board after due deliberations approved the appointment of Ilker Ayci as the CEO & MD of Air India. This appointment is subject to requisite regulatory approvals,” said a release from the Tata Group.