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Tata group takes control of Air India -Breaking

by Mike Robinson

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© Reuters. After landing at Sardar Valabhbhai Ptel International Airport in Ahmedabad (India), October 22, 2021, an Air India Airbus A320neo passenger aircraft moves onto the runway. REUTERS/Amit Dave

Aditi Sharma

NEW DELHI, Reuters – India’s Tata Group completed a $2.4 billion agreement to retake ownership of Air India after almost 70 years.

In October, the auto-tosteel conglomerate won the bid for Air India. This was a win for Prime Minister Narendra Modi’s government which has for many years been struggling to privatise this financially distressed airline.

N Chandrasekaran (Tata Sons Chairman) stated in a statement that “We are thrilled to have Air India return in the Tata Group”

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