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Tata Sons Owns Air India After Years of Taxpayer Bailouts

  • Indian conglomerate was winning bidder in an auction last year
  • Tata already runs two unprofitable airline ventures in India
Reviving Air India will be a daunting task for the biggest conglomerate in India.

Reviving Air India will be a daunting task for the biggest conglomerate in India.

Photographer: Dhiraj SIngh/Bloomberg

Updated on

Tata Sons Pvt formally took charge of debt-laden Air India Ltd., ending years of failed attempts to sell the money-losing airline that has been kept afloat with billions of dollars of taxpayer money. 

“It is indeed noteworthy that the disinvestment process of @airindiain has been brought to a successful conclusion in a time-bound manner,” aviation minister Jyotiraditya Scindia said in a Twitter post. That proves the government’s ability and “the resolve to carry out disinvestment effectively in non-strategic sectors in the future.”