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

Previous Story

India is more than just a partner: US

Next Story

ASEAN FMs discuss post-pandemic economic recovery

Latest from Business

Google announces $15 billion investment in Malaysia

The investment will fund new data centres, support more than 37,000 jobs annually during construction and strengthen Malaysia’s position as a regional AI and technology hub….reports Asian Lite News Desk Google has

AI bubble fears grow as Gita Gopinath flags risks

Former IMF chief economist Gita Gopinath has warned that the global AI investment boom could face a significant correction as companies struggle to justify soaring valuations and massive spending….reports Asian Lite News

Ambani’s Jio launches $3.2bn share sale in India

Jio Platforms, the digital and telecommunications business controlled by Mukesh Ambani’s Reliance Industries, has launched a $3.2 billion initial public offering, expected to become India’s largest share sale. The offering comes amid
Go toTop

Don't Miss

Double Deals, Tata Dominates Day

After its first acquisition today, Tata Consumer Products swiftly announced

Tata, Serum Institute on Time’s 2024 Influential List

While the Tata Group was included in the list under