Tata sons emerges highest bidder for Air India
Tata Sons has bought Air India. Tata Sons has made a bid of Rs 18,000 crore to buy Air India. DIPAM secretary Tuhin Kant Pandey made this announcement on Friday. It was a homecoming for Air India originally started by Tata sons.
Ratan Tata, former chairman of Tata Group, tweeted on winning Air India’s bid and said, ‘Welcome back Air India.’
Tata Sons has won the bid for state-run airline Air India. With this, after 68 years, Tata Sons has once again acquired control of Air India. The central government said that Tata Sons made the highest bid. The office and land will remain with the government. At the same time, Tata Sons Chairman Ratan Tata welcomed the return of Air India to the group by tweeting a statement and a picture.
The Secretary of the Department of Investment and Public Asset Management (DIPAM) said that two companies had bid in the Air India auction. In this, the highest bid of Tata Sons was Rs 18 thousand crore. The panel of ministers cleared this bid and thus Air India has now become a part of Tata Sons.
Jamshedji Tata started the airline
Jamshedji Tata, the founder of the Tata Group, started Air India in the year 1932 with an investment of Rs 2 lakh. At that time the name of the company was Tata Airlines. This airline made its first flight in the year 1932 between Karachi and Mumbai. The company made its mascot Maharaja and started international operations in the year 1946. Soon this airline became one of the best airline in the world.
Nehru government had done nationalization
In 1953, the then government of Jawaharlal Nehru nationalized Air India. JRD Tata fought a vigorous legal battle against this but he could not win the case. Since then this airline became part of the government, its name was changed to Air India.
Despite the company becoming a part of the government, the Tata family’s attachment to it continued. Now Air India has returned home. In such a situation, it will be interesting to see whether this company will be able to wave its flag again in the world under the leadership of Tata.
