The Indian government handed over Air India to the Tata Group on January 27, nearly 69 years after it was taken from the conglomerate. However, Air India flights will not be flying under the banner of the Tata Group from today itself, officials stated. According to sources, the Chairman of Tata Group N. Chandrasekaran was in the national capital to meet key Central government officials before the formal handing over ceremony. Notably, the process entailed the constitution of a new Air India Board with Tata nominees.
Last month, the Competition Commission of India approved the acquisition of Air India, Air India Express and Air India SATS Airport Services by Talace, which is a wholly-owned subsidiary of Tata Sons.