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Tatas Get Air India: High-profile Sale, Low Profile Takeover!
The handover was a professional, board-level affair. The civil aviation minister wasn’t present and no radical announcements were made.
Tata takes over Air India LIVE Updates | Tata to focus on bringing down operational costs
Tata Sons Chairman N Chandrasekaran after taking over Air India from the government said that he was delighted that Air India’s takeover process is complete. He added the group will focus on bringing down operational costs of Air India and improving the performance of the airline in their bid towards creating a world-class airline. Read full report.
N Chandrasekaran, TCS Intern-turned-Tata Sons Boss, Gets Air India Back Home
N Chandrasekaran joined as an intern at the Tata Consultancy Group in 1987, and journeyed from there for 30 years to secure the topmost position at the business conglomerate.
Tata takes over Air India LIVE Updates | Tata Sons Chairman N Chandrasekaran meets Finance Minister Nirmala Sitharaman shortly after the take over of Air India was formally completed.
Read full text of Tata Sons Chairman N Chandrasekaran’s letter to Air India employees
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.
Such memories are wonderful, but now is the time to look ahead. 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.
I write this letter on behalf of the Tata Group, to welcome you to our 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.
I am convinced that the golden age of Air India lies ahead. Our journey towards it starts now.
Welcome. And welcome back.
Warmest regards,
Chandra
Tata takes over Air India LIVE Updates | Golden age of Air India lies ahead, Tata Sons chairman in letter to airline’s employees
“I am convinced that the golden age of Air India lies ahead. Our journey towards it starts now. Welcome. And welcome back,” Tata Sons Chairman N Chandrasekaran said in a letter to the Air India employees.
I Feel Very Relieved; It Has Been A Rollercoaster Ride With Legal Challenges: DIPAM Secy On Air India Sale
The strategic disinvestment transaction of Air India successfully concluded today with the transfer of 100 percent shares of Air India to M/s Talace Pvt Ltd along with management control
Tata takes over Air India LIVE Updates | Air India’s non-core asset monetisation plan will be prepared, can’t give a timeline: DIPAM Secretary
A plan for the monetisation of Air India’s non-core assets is being prepared, DIPAM Secretary TK Pandey said. “At this moment, while settling such a complex transaction, can’t give a timeline for monetisation of non core assets,” he added.
Tata takes over Air India LIVE Updates | DIPAM Secretary TK Pandey said that the debt of Rs 15,300 crore, which was to be retained, “is being retained”. The final balance sheet has been prepared with non core assets to be moved, he noted, adding that broadly the debt to be taken over by the SPV has been repaid by the holding company.
Tata takes over Air India LIVE Updates | Four existing directors continue on Air India board: DIPAM Secretary
Four existing directors of Air India will continue to remain part of the airline’s rejigged board, following the takeover by Tatas, DIPAM Secretary said.
Tata takes over Air India LIVE Updates | Dewas was one of the legal challenges for Air India deal: DIPAM Secretary
DIPAM Secretary TK Pandey told Moneycontrol that Dewas was “one of the legal challenges for the Air India deal”.
