Bringing the airline back to the Tata fold is just the beginning of a strenuous test that lies ahead of Tata Sons chairman N. Chandrasekaran.
“Welcome back, Air India!” The joy in Ratan Tata’s words was unmistakable. After all, he was just a helpless teenager back in 1953, when the Jawaharlal Nehru government forcibly took away the ownership of the airline that was founded by his uncle, J.R.D. Tata. The emotive aspect apart, financially too, the Rs 18,000-crore deal to acquire the national flag carrier would have brought a smile to the face of the Tata group’s chairman emeritus.
Talace Pvt. Ltd, the Tata Sons subsidiary under which the acquisition has been done, will pay Rs 2,700 crore in cash to take complete ownership of …
Prince leads the newsroom at The Morning Context as managing editor. A fascination with the written word has taken Prince to some of the leading newsrooms across the country, including The Economic Times, Dow Jones Newswires, Forbes India and Moneycontrol. In a career spanning 20 years, Prince has led teams, managed pages, projects and special editions, and has authored The Consolidators, published by Penguin Random House in 2017.
Managing Editor
prince@mailtmc.com
Mumbai