Highlights

  • Tatas had on October 8 beat the Rs 15,100-crore offer by a consortium led by SpiceJet
  • Air India will be the third airline brand in the Tatas' stable

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As a part of the deal, the Tata group will also be handed over Air India Express and a 50 percent stake in ground handling arm Air India SATS.

The Maharaja returns home; Tata's takeover Air India today

After nearly seven decades, Air India returns to the hangar of it's original pilot - The Tata Group.

The airline was founded by J.R.D. as Tata Airlines in 1932, with a capital of Rs 2 lakh given by a reluctant Sir Dorabji Tata, the then chairman of Tata Sons. The initial service offered a weekly airmail service between Karachi and Madras via Ahmedabad and Bombay.

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In 1946, the aviation division of Tata Sons was listed as Air India and in 1948, Air India International was launched with flights to Europe.

Post-independence in 1948, the Indian government bought a 49 percent stake in the airline to finally acquire the airline from J.R.D. Tata in 1953.

J.R.D however continued to be at the helm for Air India till 1977 accepting only Re 1 a year as salary.

And as the current Chairman (Emeritus) of the salt-to-software conglomerate Ratan Tata had tweeted when Tata Group won the bid, It would have overjoyed the original pilot of the airline, JRD Tata to know that Air India is back home.

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