New Delhi: The wheel may eventually turn a full circle. Decades after the private Tata Airlines was renamed as Air India and subsequently nationalised by the government as the national carrier, the Tatas have indicated that they could consider investing in Air India in case it is privatised in the years to come.
In case that happens, it would mean that the Tatas may consider picking up stake in an airline which once belonged to them. It may be recalled that civil aviation minister Ajit Singh had recently said that cash-strapped national carrier Air India can be privatised if the “public, government and Parliament agree” on it.
Just recently, the Tatas had announced the proposed launch of their very own “world-class full-service airline in India” in which Tata Sons would have the majority stake of 51 per cent, with Singa-pore Airlines owning the remaining 49 per cent.
In addition, the Tatas have also invested in a new low-cost carrier to be launched with Air-Asia. The Tatas have a long history of association with civil aviation in India. In 1932, J.R.D. Tata had started Tata Airlines, which was later renamed as Air India in 1946 and subsequently nationalised in 1953.
Read news in full 27/10/13 Deccan Chronicle
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