Air India back to Tatas: Who gets what
India Today
Tata group now owns Air India, Air India Express and Air India SATS Airport Services Pvt Ltd. Read to find out what the acquisition means for customers, employees and taxpayers.
Tata group now owns Air India through its subsidiary Talace. Control of the airline was officially handed over to the Tata group on Thursday by the Department of Investment and Public Asset Management (DIPAM).
The conglomerate had made a successful bid of Rs 18,000 crore to buy Air India in October of last year. As per a statement issued on Thursday, Tata group now owns Air India, Air India Express and Air India SATS Airport Services Pvt Ltd.
Speaking to reporters on Thursday, Tata Sons chairman N Chandrasekaran said, "We are excited to have Air India back in the Tata group and are committed to making this a world-class airline. I warmly welcome all the employees of Air India to our group, and look forward to working together."
READ: Air India returns to Tata group: Chronology of 'Maharaja's' privatisation
Before the handover, the government terminated the leases of the airline's 21 Dreamliners. While this may result in curtailed operations for the airline in the short term, the situation could ease once the Tatas synergize operations of the three airlines they own - Vistara, Air Asia, and Air India.
1. What do passengers get?
Better, more efficient services: Customers could see improved ticketing and operations, including the choice of food and beverages served onboard an Air India flight.
