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Jaswanth Jegan
Founder-Hexpertify.c... • 1y
This is more than a takeover for Tata Group Bankruptcy to Billions #7 Tata's Air India Story Air India was founded by J.R.D. Tata in 1932 as Tata Airlines.In 1948 Indian govt acquired 49 percent stake and renamed it as Air India.Air India expanded rapidly, introducing international flights and becoming known for its luxurious service. Despite its reputation, the airline faced rising fuel costs, and inefficiencies in management and faced too much competition from private Airlines after 1990. In early 2000s the airline struggled with losses and debt.In 2007 Air India merged with Indian Airlines another government airline. Then government provided multiple financial bailouts to keep the airline afloat. Then Govt decided to privatize Air India in 2022 Tata Group acqquired it the Airline was returned to its original founders after seven decades. Under Tata's ownership Air India is undergoing significant restructuring to improve efficiency, service standards, and profitability.
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