February 17, 2022
1 min read

Tata pledges to make Air India a world-class airline

Besides, he added if the employees can bring in the passion, and work in a coordinated fashion with a single-minded purpose, then the goal would be achieved in a shorter time frame…reports Asian Lite News

Tata Sons Chairman N. Chandrasekaran on Wednesday said the group is committed to make Air India a world-class airline which it deserves to become.

In his maiden address to the staff via a virtual platform, he said the Tata Group has very big dreams for Air India.

According to Chandrasekaran, the airline would focus on customer service, technological advancements such as website, application, front and back-office systems, among others.

He also mentioned upgrading the aircraft fleet to expand the network both on the domestic and international fronts, and to ensure best possible hospitality to passengers.

Besides, he added if the employees can bring in the passion, and work in a coordinated fashion with a single-minded purpose, then the goal would be achieved in a shorter time frame.

Earlier this week, Tata Sons had announced the appointment of Mehmet Ilker Ayci as the new Chief Executive Officer and Managing Director of Air India, subject to certain clearances. In January 2022, the Centre handed over the management control of national carrier Air India to a subsidiary of Tata Sons.

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 debt of Rs 15,300 crore.

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

ALSO READ-‘Eyes’ shift from natural to heavy glam

Previous Story

India is more than just a partner: US

Next Story

ASEAN FMs discuss post-pandemic economic recovery

Latest from Business

EVs Drive Cleaner Cities

Each EV is equipped with GPS tracking for real-time monitoring and efficiently serves the city’s 159.46 square kilometre area The use of electric vehicles (EVs) in household waste collection is ushering in

Residential Market Sees Revival

Sales jump 77% from FY19 to FY25 as luxury housing, office leasing, logistics, and tech-led investments drive real estate recovery. India’s residential real estate market has witnessed a dramatic revival in the

Recovery From Realty Stress Rises

Crisil expects residential demand in these markets to grow by 7–9 per cent in FY26, offering critical support to projects now being revived through restructuring Asset Reconstruction Companies (ARCs) are expected to

Qatar Debut For Tata

Tata Motors emphasised that its international offerings are backed by strong research and development capabilities, with vehicles that are thoroughly tested and adapted to local conditions Tata Motors has unveiled its all-new
Go toTop

Don't Miss

Tata Steel to shut two loss-making UK units

The unions had pitched the idea to keep the blast

Tata joins iPhone makers’ club

In the years ahead, the Tata Group has the potential