Air India

As tensions between Russia and Ukraine remain high, the Tata Group-led Air India will run three direct flights to Kyiv to bring back stranded Indians from the East European country. Accordingly, Air India will operate three flights between Delhi and Kyiv on its Boeing 787 Dreamliner aircraft. The flights to the Boryspil International Airport from India will be operated on February 22, 24 and 26.

In his maiden address to the staff via 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.

Expected to take charge on or before April 1, Ayci until recently was the Chairman of Turkish Airlines and was also on its Board of Directors prior to that.

Center on Thursday handed over the management control of national carrier Air India to a subsidiary of Tata Sons. The recently-introduced New Public Sector Enterprise Policy and Asset Monetisation Strategy by the Centre reaffirm its commitment towards privatization and strategic disinvestment of public sector enterprises, the Survey document said.

The pilots were asked to change the welcome announcement,"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 7 decades," the welcome speech reads as sent out to all the pilots. Further, the pilots are asked to say. We look forward to serving you on this and every Air India flight with renewed commitment and passion. Thank you."

In a communication to the employees, Chandrasekaran said: "Now is the time to look ahead." The communication to Air India employees came on a day when Tata Group subsidiary, Talace Private Limited, formally took over the managerial control of the airline. "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," the letter read.

However, the transaction does not include non-core assets, including land and building, valued at Rs 14,718 crore, which are to be transferred to government of India's Air India Asset Holding Limited (AIAHL). Besides, Tatas will also not get the world-famous art collection of Air India. Nevertheless, the group will get Air India's 117 wide-body and narrow body aircraft apart from 24 aircraft of Air India Express.

It now has over 200 aircraft and over 80 domestic and international destinations. Notably, the group has two full-service carriers -- Vistara and Air India -- along with two low-cost airlines -- Air India Express and AirAsia India -- and a ground and cargo handling company, AISATS. According to sources, it plans to pilot synergies between all its airlines to compete in various market segments.

 The Centre on Thursday 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 a debt of Rs 15,300 crore.

Tata won the bid with a whopping Rs 18,000 crore and took the Air India back after 69 years. This meeting is the final call, in aviation lingo, that now Air India is no longer a government of India enterprise, and has become a private entity. The meeting came after Air India handed over the balance sheet till January 20, 2022 to Talace, an aviation subsidiary of Tata Sons, who will manage the Air India, Air express and Air India's ground handling service.