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Tata Group is committed to making Air India a world-class airline, Tata Sons Chairman N Chandrasekaran said after the conglomerate took over the ownership of the national carrier from the government.
The group also acknowledged Prime Minister Narendra Modi’s commitment to reforms and faith in India’s entrepreneurship spirit, which made the “historic transition” possible.
“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,” Chandrasekaran said in a statement.
The group also said it philosophically agrees with “the Prime Minister’s vision for the aviation sector, of making it affordable and ensuring it contributes to boosting ‘Ease of Living’ for citizens”.
Earlier, Tata Group got official handover of Air India. N Chandrasekaran, the Chairman of Tata Sons called on Prime Minister Narendra Modi today ahead of the official handover of Air India to Tata Group.
Tata Group takes over management and control of Air India, starting today pic.twitter.com/qKMNPlwmNk
— ANI (@ANI) January 27, 2022
The government on Thursday officially handed over Air India to the Tata Group. Tata Sons chairman N Chandrasekharan said the group is very happy to have Air India back in its fold.
Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey told reporters that Air India has been handed over to Talace Private Limited, a subsidiary of the Tata Group’s holding company, which is the successful bidder.
“Now, the new owners (of the airline) are Talace,” Pandey noted. Speaking to reporters here, Chandrasekharan said, “We are totally delighted that the takeover process of Air India is complete.”
Air India’s new circular for cockpit crew welcome announcements: “Dear guests, welcome aboard this historic flight, which marks a special event. Today, Air India officially becomes a part of Tata Group again, after seven decades. Welcome to the future of Air India.” pic.twitter.com/GsiXy07I1V
— ANI (@ANI) January 27, 2022
“We are very happy to have Air India back in the Tata group. We look forward to working with everyone to create a world-class airline,” he added. After a competitive bidding process, the government had on October 8 last year sold Air India to Talace Private Limited for Rs 18,000 crore.
