Tata Sons Pvt re-acquired Air India in a historic bid. The ailing airline was originally launched as Tata Air Services under the leadership of philanthropist Jehangir Ratanji Dadabhoy Tata in 1932. A few years after India’s independence in 1953, the government purchased a majority stake in the airline company. And thus Air India was nationalised, and no longer under the control of the Tata Group. Now with Tata Sons Pvt, all set to take over the ailing Air India Ltd, again after more than 50 years, social media hails this historic move as a “Ghar Wapsi” moment. This nostalgic homecoming of Air India back under the wing of the Tata Group is more than a common business acquisition. Tata Group will pay ₹18,000 crores for the Maharaja.
Tata Group Take Over Ailing Air India
According to a report by MoneyControl, a panel of ministers have reportedly accepted a proposal from bureaucrats who suggested Tata Group’s bid ahead of an offer from SpiceJet founder Ajay Singh. Two unnamed sources revealed to the news agency that an official announcement on this matter can be expected in the coming days. Tatas were among the frontrunners to purchase the ailing carrier. As per a TOI report, the government will give up its 100 per cent stake in Air India and Air India express. It will also divest a 50 per cent stake in the ground handling company AISATS.
Welcome back, Air India 🛬🏠 pic.twitter.com/euIREDIzkV
— Ratan N. Tata (@RNTata2000) October 8, 2021
Social Media Rejoices Over Historic Takeover
Originally known as Tata Airlines, Air India was established by business tycoon, philanthropist and India’s first licensed pilot, JRD Tata. It took off on its first flight on October 15. As per a Bloomberg Quint Report, affluent passengers thronged to the airline’s flights and its Maharaja mascot become immemorial. Now that Air India is back in the hands of its founding company, Tata Group, netizens have hailed this move as “Ghar Wapsi”. Twitteratis celebrated the historic takeover of the ailing airline and hope Tata Group will take it back to its heydays.
My own friend Nehru stabbed me in my back. I can only deplore that so vital a step was taken without giving us a proper hearing. – JRD Tata on the cruel and sudden nationalisation of his beloved Airlines.
68 years later, Air India returns to the Tatas. What a day. What a man. pic.twitter.com/ceks7lK79R
— Anand Ranganathan (@ARanganathan72) October 1, 2021