Welcome Back Air India, Says Ratan Tata, As Govt Officially Confirms The Successful Bidder
Ratan Tata, the chairman emeritus of Tata Group has welcomed back Air India to the conglomerate. Welcome back, Air India," said Ratan Tata, moments after the government officially confirmed that the Tata Group has made the successful bid for the national carrier.
Ratan Tata, the chairman emeritus of Tata Group has welcomed back Air India to the conglomerate.
Welcome back, Air India," said Ratan Tata, moments after the government officially confirmed that the Tata Group has made the successful bid for the national carrier.
Welcome back, Air India ?? pic.twitter.com/euIREDIzkV
¡ª Ratan N. Tata (@RNTata2000) October 8, 2021
According to the government, the Tata Group has made a bid of Rs 18,000 crore for the cash-strapped airline.
Government approves the winning bid of M/s Tata Sons¡¯ SPV (M/s Talace Pvt Ltd) for @airindiain disinvestment at an enterprise value of ?18000 crore
¡ª PIB India (@PIB_India) October 8, 2021
The bid by the consortium led by Ajay Singh was ?15,100 crore - @SecyDIPAM #AirIndia pic.twitter.com/E4sivPQfvs
Calling the acquisition "great news", Ratan Tata expressed hope that the sale will provide a very strong market opportunity to the Tata Group's presence in the aviation industry.
"On an emotional note, Air India, under the leadership of Mr JRD Tata had, at one time, gained the reputation of being one of the most prestigious airlines in the world.
"Tatas will have the opportunity of regaining the image and reputation it enjoyed in earlier years," he said.
Wikipedia
He added that JRD Tata would have been "overjoyed" had he been alive today.
He concluded by thanking the government for its recent policy of opening select industries to the private sector.
Twitter/@TataCompanies
The airline which went on to become Air India was founded by legendary industrialist JRD Tata as Tata Airlines in 1932.
It was renamed Air India in 1946 and the Tata Group lost control of the airline after it was nationalised by the government in 1953.
Bobins Abraham is the Assistant News Editor at Indiatimes. He has more than twelve years of experience in TV and digital journalism. An avid student of history and geopolitics, he is a conservationist and environmentalist at heart. He writes on environment, sustainability, human-animal conflict and more.
Read More
