Air India Returns To Tata After 68 Years! 100% Of Air India Acquired By Tata
Tata group won the bid for Air India!
Ratan Tata expressed his delight at the Tata Group’s winning bid for Air India, saying that the airline’s founder, J R D Tata, would be overjoyed if he were alive today
Somewhere the whole nation wanted this, JRD — the pioneer of the Indian aviation industry and Air India has a different story to tell! When JRD Tata created Air India in 1932, it was known as Tata Air Services. In 1953, it was nationalised, and JRD Tata served as Chairman until 1977.
Air India was not just a job for him but an emotion where he gave all his love and hard work.
Tata Group Won The Bid For Air India!
“Welcome back, Air India,” Ratan N Tata said in a tweet as the Centre announced the winning bid for the debt-laden national carrier Air India. After a gap of 68 years, the carrier has returned to its original owners.
“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 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. Mr JRD Tata would have been overjoyed if he was in our midst today,”
a note by Tata shared on Twitter said.
“We also need to recognise and thank the government for its recent policy of opening select industries to the private sector. Welcome back, Air India!,”
Said the note, signed by Ratan N Tata.
JRD Tata And His Love For Air India
Tata’s Spent Rs 18,000 Crore To Reclaim Air India!
When JRD — the pioneer of the Indian aviation industry — was in charge of both businesses, it is believed that Tata group executives used to grumble in secret that he spent more time caring about Air India than the Tata company.
Nonetheless, they understood that being Chairman of Air India was never just a job for him; it was a labour of passion and love.
“Tatas have been very, very passionate about Air India,” “J.R.D. Tata on record has said that this is his only creation, the rest of the Tata companies came to him and he was only managing them. So there was a lot of passion, lot of emotional connection between Tatas and Air India, and that has made them bid for it.”
Former Air India director Jitender Bhargava stated in a Bloomberg TV interview on Wednesday.
After this pandemic, there have been many ups and downs in almost all the sectors, nothing better with the aviation industry as it struggled due to travel restrictions by the government to take control of the pandemic crisis.
The nation loves JRD and out pores evenly to Ratan Tata. The Nation will wait to see how the emotions connect with hard work again and give a new turning to the Aviation world!
Air India Employees
Rajiv Bansal, the Civil Aviation Secretary, stated that the successful bidder will not retrench any employees for a least of one year, and that if they are retrenched after that time, they will be granted VRS (voluntary retirement scheme).
All employees will receive gratuity and Provident Fund (PF) benefits, he noted.
“As of today, there are 12,085 employees in Air India out of which 8,084 are permanent and 4,001 are contractual. Besides this, Air India Express has a employee strength of 1,434.”
Rajiv Bansal, the Civil Aviation Secretary