Tata-owned Air India has made it clear that the group wants to make it a world-class airline
This picture has been used for representational purpose
Following Air India's take over by Tata group, the crew members of the pioneer airline will make a special welcome announcement for the onboard passengers tomorrow. According to Air India, after the closure of the door, the new welcome announcement is to be made on Friday during every flight departure: "Dear Guests, This is your Captain (Name) speaking...Welcome aboard this historic flight, which marks a special event. Today, Air India officially becomes a part of the Tata Group again, after seven decades. We look forward to serving you on this and every Air India flight with renewed commitment and passion. Welcome to the future of Air India! We hope you enjoy the journey."
ADVERTISEMENT
Tata-owned Air India has made it clear that the group wants to make it a world-class airline. After 69 years of its nationalisation, Air India on Thursday formally became part of Tata Group, its founder. The government formally handed over the airline to Tata Group at a ceremony held in the national capital.
"The Air India strategic disinvestment transaction has been completed today with Government receiving a consideration of Rs 2,700 crore from the Strategic Partner (M/s Talace Pvt Ltd, a wholly-owned subsidiary of M/s Tata Sons Pvt Ltd), retaining debt of Rs 15,300 crore in Air India and AIXL and transferring shares of Air India (100 per cent shares of Air India and its subsidiary AIXL and 50 per cent shares of AISATS) to the Strategic Partner," the Finance Ministry said in a statement.
In a separate statement, Tata Group said it has taken over management and control of the airline from today. "Tata Group takes over management and control of the airline, starting today," the statement said. Tata Sons Chairman N Chandrasekaran along with other senior officials of the company attended the handing over ceremony. Talking to reporters after the handover ceremony Chandrasekaran said, "We are happy that Air India is back with Tata Group. We look forward to working with everyone in creating a world-class airline."
This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever
Subscribe today by clicking the link and stay updated with the latest news!" Click here!
