{"id":17190,"date":"2022-01-28T17:28:20","date_gmt":"2022-01-28T11:58:20","guid":{"rendered":"https:\/\/aviationa2z.com\/?p=17190"},"modified":"2022-01-28T17:28:22","modified_gmt":"2022-01-28T11:58:22","slug":"on-thursday-the-tata-group-regained-the-ownership-of-air-india-whose-authority-it-had-lost-nearly-seven-decades-ago","status":"publish","type":"post","link":"https:\/\/aviationa2z.com\/index.php\/2022\/01\/28\/on-thursday-the-tata-group-regained-the-ownership-of-air-india-whose-authority-it-had-lost-nearly-seven-decades-ago\/","title":{"rendered":"Minister Scindia : Air India divestment ‘Win-Win’ for all Stakeholders"},"content":{"rendered":"\n

On Thursday, the Tata Group regained the ownership of Air India, whose authority it had lost nearly seven decades ago.<\/span><\/strong><\/p>\n\n\n\n

Civil aviation minister Jyotiraditya Scindia <\/h2>\n\n\n\n

Civil aviation minister Jyotiraditya Scindia<\/a> on Friday told the Tata Group’s takeover of Air India is a win-win situation for all stakeholders concerned, adding the agreement represents a huge quantum jump in the capabilities of the country’s aviation industry.<\/em><\/p>\n\n\n\n

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Civil aviation minister Jyotiraditya Scindia |aviationa2z.com<\/strong><\/figcaption><\/figure>\n\n\n\n

Talking to a news reporter, Scindia expressed the agreement is also a representation of the culmination of a long process that took nearly two decades to conclude. \u201cIt also sets in perspective a 69-year-old history which was begun on the wrong step by the nationalization of an airline that belonged to the private sector, It is going back to the private sector,\u201d Scindia told.<\/p>\n\n\n\n

\u201cWe will have a player with tremendous abilities for international and domestic traffic — a party that likely has a game plan and plan to assure the best value for our customers. It will be a win-win position for all stakeholders in this industry,\u201d the Union minister said.<\/p>\n\n\n\n

Scindia said Air India <\/h2>\n\n\n\n

Scindia told Air India<\/a> had a running loss worth\u00a0\u20b985,000 crores over the last 14 years and it was earning losses of nearly \u20b920 crores daily. \u201cThat money of the government, which is the taxpayer’s funds, can be operated in areas that need social development and investment,\u201d he told.<\/p>\n\n\n\n

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Air India |aviationa2z.com<\/strong><\/figcaption><\/figure>\n\n\n\n

On Thursday, the Tata Group regained the ownership of Air India, whose control it had lost almost seven decades ago. The conglomerate vowed that it would restore the Maharaja’s past glory.<\/p>\n\n\n\n