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Saturday , 18 November 2017
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Tata Group may bid to bring back its bird Air India home again

Not many know that it was the Tata Group that had founded Air India around 85 years back. However, in the year 1946, the company was nationalized and it came under government control. Nevertheless, it is like life coming full circle for the Tata Group, as the government has decided to sell Air India. The airline has been witnessing consistent losses over the years, which is why it has become difficult for the government to sustain it. Air India needs funding almost every year, and it is causing a huge strain on the government’s finances. If the Tata Group acquires Air India, it would be like bringing its bird back home, around 64 years after it was nationalized.

Chandrasekaran, chairman of Tata group’s holding company Tata Sons, said that the company will certainly be looking at bidding for Air India. This will be done after the government finalizes the privatization process. Chandrasekaran said that Tata Group already has other airline joint ventures in India, so it would have the expertise to manage Air India and make it profitable once again. However, the bidding may take time, as the government has not yet finalized the details of the proposed sale. In 1932, Tata Sons had launched Tata Airlines. JRD Tata had himself flown the first flight from Karachi to Bombay. In 1946, the airline was nationalized and renamed to Air India.

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