Tata Airlines, founded by JRD Tata, the former head of the Tata Group, was acquired by the Government of India and renamed Air India.
It is no exaggeration to say that after the Second World War, the Government of India bought Air India and today Air India has become a major burden on the Central Government.
However, Tata’s attempt to capture Air India and bring the mother back home has paid off today. The central government has placed an important condition on the acquisition of Air India by Tata Sons.
Air India
The Central Government is adamant that Air India, the pride of India, should not go to foreigners and foreign companies at any time. The main reason for selling Air India at present is because it cannot cope with high debt.
Great sacrifice
Selling Air India is the great sacrifice of the Government of India. There is nothing wrong with taking precaution that Air India should not go into the hands of foreign companies at this time.
Management change
In that sense, there is no change in the management of Air India for the next one year. From the 3rd year onwards, Tata Sons can make any change of management in Air India as per the management decision. For example, shutting down a service and firing employees.
Sale of Air India
Similarly Air India should not be sold for any reason for up to 5 years. Even if it is sold after 5 years, it should not be sold to foreign companies or to a foreign individual. Similarly, DIPAM secretary Duhin Kant Pandey has said that the federal government has set a condition that Air India should be sold only to those who are legally Indian qualified.
Emotional results
The acquisition of Air India by Tata Group may be seen as a one-sided business, but it is actually a very emotional decision. But it is believed that the Tata Group will never sell.
Ratan Tata tweet
Ratan Tata, former chairman of the Tata Group, said on Twitter that Air India was once the most valuable airline in the world. Tata has announced that it has the opportunity to bring the management back to the same position.
Ratan Tata in Flexibility .. Welcome Back Air India .. Happy to share old photo ..!
Flexibility sharing
Wellcome also flexibly shared an old photo referring to Air India. The good news is that the Tata Group has won the bid for Air India. Serious efforts must be made to rebuild Air India.
Get a good chance
However it has a strong market for the Tata Group in the aviation sector. I hope this will provide a good opportunity, led by Air India JRD Tata once became one of the most valuable airlines in the world.
Tata Airlines to Air India
Tata Airlines was started by the Tata Group in 1932 and renamed Air India in 1946. Following this, Air India was nationalized in 1953. Meanwhile, the government has been making a serious effort to sell its stake in Air India, which has been reeling under debt for the past few years.
Ratan Tata on flexibility
Under the leadership of JRT Tata, Air India was once one of the most valuable companies in the world. Tatas will have a chance to regain the reputation it enjoyed in the early days. JRT Tata said on Twitter that he would have been very happy now if he had been there.
