After 69 years, Air India on Thursday returned to its founding father, the Tata Group.
The takeover by the salt-to-software conglomerate ends years of failed attempts to sell the money-losing airline that had been kept afloat all these years with thousands of crores of taxpayer money.
Tata Group founder JRD Tata had originally launched the airline in 1932 as the nation’s first carrier, flying mail between Karachi in then-undivided, British-ruled India and Bombay.
It was later nationalised.
After more than two decades and three attempts, the government finally sold the loss-making carrier.
