Tuesday 19 October 2021
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scmp - 7 days ago

Air India’s sale is a boost for PM Narendra Modi, but can Tata turn around the airline?

After nearly 70 years in state hands, Air India is flying home to its founder, the Tata Group. The salt-to-software conglomerate is buying back the country’s flag carrier from the Indian government for US$2.4 billion in a deal slated to close by the end of the year.Then, it will be up to Tata – which owns luxury British carmaker Jaguar Land Rover – to begin the hard work: reviving the fortunes of an airline that has not reported a profit since a botched 2007 merger with state-owned Indian…


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