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https://asia.nikkei.com/Business/Transportation/Air-India-goes-back-to-Tatas
The Government of India has now divested Air India 100% by selling it back to the Tatas who were the original creators of Air India. The Government had nationalized it in 1953 though for quite a while after that they kept JRD Tata on as the Chief. It was finally during the first Indira Gandhi regime that Tata was let go, and Air India's spectacular downward slide began under the gentle care of the the Babus (bureaucracy) in Delhi. It then hit the bottom when the government forced a merger between Air India and its even more spectacularly worse performing Indian Airlines. Now the government pretty much has shed its illusions of running an international airline. It still retains the Alliance Air segment of the old Air India Group, which provides essential air service to commercially non-viable short routes. That part has never had any pretense or plan or visions of becoming a profitable enterprise anyway.
So now we have to see how things go. Air India used to be a class act under JRD Tata before it came under the government's tender loving care. Tata's now own Air India Group + 51% of Vistara (with SQ owning the rest) + 83% of Air Asia India (with the Malaysian Air Asia Bhd owning the rest). It will be interesting to see how it shuffles all this as things evolve.
The Government of India has now divested Air India 100% by selling it back to the Tatas who were the original creators of Air India. The Government had nationalized it in 1953 though for quite a while after that they kept JRD Tata on as the Chief. It was finally during the first Indira Gandhi regime that Tata was let go, and Air India's spectacular downward slide began under the gentle care of the the Babus (bureaucracy) in Delhi. It then hit the bottom when the government forced a merger between Air India and its even more spectacularly worse performing Indian Airlines. Now the government pretty much has shed its illusions of running an international airline. It still retains the Alliance Air segment of the old Air India Group, which provides essential air service to commercially non-viable short routes. That part has never had any pretense or plan or visions of becoming a profitable enterprise anyway.
So now we have to see how things go. Air India used to be a class act under JRD Tata before it came under the government's tender loving care. Tata's now own Air India Group + 51% of Vistara (with SQ owning the rest) + 83% of Air Asia India (with the Malaysian Air Asia Bhd owning the rest). It will be interesting to see how it shuffles all this as things evolve.