January 28, 2022
1 min read

N. Chandrasekaran: Golden age of Air India lies ahead

Notably, the purpose of the letter was to welcome the employees into the Tata Group “family”…reports Asian Lite News

Tata Group Chairman, N. Chandrasekaran, on Thursday called upon Air India employees to work together to build ‘the airline our country needs’.

In a communication to the employees, Chandrasekaran said: “Now is the time to look ahead.”

The communication to Air India employees came on a day when Tata Group subsidiary, Talace Private Limited, formally took over the managerial control of the airline.

“I, like many others, have enjoyed reflecting on stories from the airline’s brilliant past. My first flight was with Air India in December 1986, and I will never forget how special it felt to be onboard, or the exhilaration as we soared into the sky,” the letter read.

“Today is the beginning of a new chapter. The entire nation’s eyes are on us, waiting to see what we will achieve together. To build the airline our country needs, we need to look to the future,” it added.

Notably, the purpose of the letter was to welcome the employees into the Tata Group “family”.

“Our group has its own storied past. I have learned that to preserve what is best about the past, requires constant change. It is by evolving, adapting and embracing the future that we best honour a glorious history,” Chandrasekaran said in the letter.

It added that the “golden age” of Air India lies ahead and the “journey towards it starts now”.

The Centre on Thursday handed over the management control of Air India to Tata Group subsidiary Talace.

With this, Air India’s strategic disinvestment was complete after the Centre received a consideration of Rs 2,700 crore from the ‘Strategic Partner’ — Talace — which is a wholly owned subsidiary of Tata Sons.

Besides the upfront payment, Talace will retain a debt of Rs 15,300 crore.

The transaction covered three entities – Air India, Air India Express and AI SATS.

Post the formal take over, a new board was constituted which included Tata Group’s executives.

ALSO READ-After Air India, Tata takes over Neelachal Ispat Nigam

Previous Story

Afghanistan, Turkmenistan ink ‘power’ deal

Next Story

Chinese firms irked by India’s tax probes

Latest from Business

RBI Holds Rates, Boosts Outlook

One of the most significant announcements was the upward revision of India’s GDP growth forecast for FY 2025–26—from 6.5% to 6.8% In a move reflecting cautious optimism, the Reserve Bank of India

Nykaa Expands Global Footprint with UK Debut

To commemorate this significant global debut, Nykaa’s leadership hosted an exclusive soiree at the George Club in Mayfair, London Nykaa, India’s leading beauty and lifestyle destination, is set to make a grand

Nothing’s CMF Goes Indian with $100M JV

Company has announced a $100 million joint venture with Indian electronics manufacturer Optiemus Infracom Limited….reports Asian Lite News Smartphone maker Nothing has spun off its budget sub-brand CMF into an independent subsidiary,

Airbnb Boosts India Economy

Among international guests, the largest inbound sources were the United States, United Kingdom, Canada, and Australia Hospitality giant Airbnb made a significant impact on India’s economy in 2024, contributing Rs 113 billion

Rupee, Markets Gain Amid Trade Optimism

Emerging market currencies, including the rupee, have gained support amid softening in the dollar. Reports suggesting that the US economy is on the verge of a recession have contributed to the greenback’s
Go toTop

Don't Miss

Air India, All Nippon Airways Join Hands

Air India and All Nippon Airways guests will fly to

Air India launches Amritsar-UK direct flight

The minister said that this is the 3rd connectivity between