Tata Group-owned Air India will buy 250 aircraft, including 40 wide-body planes, from Airbus, confirmed Tata Sons Chairman N Chandrasekaran. On February 14, he said that Air India has signed a letter of intent to acquire 250 aircraft, the first time in more than 17 years. It is also the first order placed by the carrier under the ownership of Tata Group.
Courtesy: The Indian Express
The Director General of Civil Aviation (DCGA) imposed a hefty fine of Rs 20 lakhs on Air Asia, owned by Tata Groups, on February 11. AirAsia India was fined for breaking some rules pertaining to pilot training. In addition, DCGA also ordered three-month suspension of the airline's head of training. Notably, On January 23, AirAsia India allegedly violated aviation norms with respect to pilot proficiency checks and instrument rating tests.
Courtesy: Zee News India
Indian multinational conglomerate Tata Group is in talks with a Taiwanese supplier to Apple Inc. to establish an electronics manufacturing joint venture in India. The company is seeking to assemble iPhones in the South Asian country, for Indian markets. As per local media, Wistron, a supplier to Apple, will establish an electronics manufacturing joint venture in the country along with the Tata Group. Official confirmation is awaited.
Courtesy: The Free Press Journal
Air India, which is controlled by the Tata Group, has decided to re-hire pilots after they retire for a five-year term as the airline seeks operational stability amid discussions of purchasing 300 single-aisle planes. The post-retirement contract as a commander in Air India will be for 5 years or until the age of 65. Prospective pilots have been instructed to submit their documentation, and written consent, by June 23.
Courtesy: Free Press Journal
Air India will undergo considerable changes as a result of the Tata Group's acquisition, with the goal of increasing customer experience. Improvements in everything from purchasing tickets to onboard flight services might be made. The DGCA recently fined the Tata-owned airline Rs 10 lakh for refusing to board customers with valid tickets and then failing to reimburse them in a timely manner.
Courtesy: Zee News
T-Series announced to have rights to a book on India's most influential and popular business family, The Tatas. On May 24, T-Series said, "T-Series Films and Almighty Motion Picture are proud to have acquired the AV rights to the story of the legendary family that has been participation in nation-building for three generations." Girish Kuber wrote "The Tatas: How a Family Built a Business and a Nation" in 2019.
Courtesy: Press Trust of India
After reclaiming ownership of Air India, the Tata group outlawed smoking and the usage of intoxicating substances at work, as per Suresh Dutt Tripathi, Air India's chief human resources officer (CHRO). “We would not like to make any comment on any internal communication like this,” stated an Air India representative. Following the takeover, the Tatas made several reforms to Air India in order to transform it into a professional airline.
Courtesy: Indian Express
After being announced as the highest bidder of Air India with Rs 18,000 crore, Tata Sons Private Limited took over Air India, officially, on January 27. Tata Sons Chairman N Chandrasekhar reached Delhi and signed the agreement to officially be the owner of Air India airlines, from the Government of India. Notably, this is a historic moment for Tata Sons, as Air India returns to its founders after 68 years.
The disinvestment of national carrier, Air India will take place on January 27, a top official said on January 24. “The next three days will be hectic for our department and I request all of you to give your best in these last three four days before we get divested,'' informed director finance to employees. In 2021, Tata Group had won 100 % stake in the airline.
Courtesy: ANI News
The Department of Investment and Public Asset Management said over a tweet, "Media reports indicating approval of financial bids by Government of India in the AI disinvestment case are incorrect". The panel is yet to finalise a decision after which it will be disclosed to the parties and the public. For now, both Tata Group and SpiceJet remain in the race for the bid to acquire Air India.