TATA Buys AirIndia for ₹18,000 Crore

New Delhi: Tata Sons Pvt. was awarded the bid for Rs18,000 crores and selected as the winning bidder for Air India. The government aims to complete the transaction by the end of 2021.

Ratan Tata, JRD Tata’s successor and chairman Tata Sons, tweets as…

“Welcome back, Air India,”

THE TATA GROUP WINNING THE BID FOR AIR INDIA IS GREAT NEWS! WHILE ADMITTEDLY IT WILL TAKE CONSIDERABLE EFFORT TO REBUILD AIR INDIA, IT WILL HOPEFULLY 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. J. R. D. 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. MR. J.R.D. TATA WOULD HAVE BEEN OVERJOYED IF HE WAS IN OUR MIDST TODAY.

WE ALSO NEED TO RECOGNIZE AND THANK THE GOVERNMENT FOR ITS RECENT POLICY OF OPENING SELECT INDUSTRIES TO THE PRIVATE SECTOR.

WELCOME BACK, AIR INDIA!

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