Tata group takes control of Air India.
India’s Tata Group took control of state-run carrier Air India on Thursday, finalising a $2.4 billion deal to regain ownership of the airline after nearly 70 years.
→ EU retains ban on Pakistan Airlines flight despite ICAO audit.
The auto-to-steel conglomerate in October won the bid to take over Air India, seen as a victory for Prime Minister Narendra Modi’s government that for years struggled to privatise the financially troubled airline.
“We are excited to have Air India back in the Tata Group and are committed to making this a world-class airline,” Tata Sons chairman N Chandrasekaran said in a statement.
Related Topics
LATAM Cargo Expands Regional Network with New Scheduled Operations to Caracas from Miami
ITA Airways Launches Direct Flights Between Rome and Houston
Spirit Airlines Ceases Operations
Laser Airlines Resumes Caracas-Miami Route Through Strategic Alliance with Global X
Plataforma Informativa de Aviación Comercial con 13 años de trayectoria.