National flag carrier Air India is now officially in private hands. The Tata Group has formally taken over as new owner.
Tata Group was the very firm that founded the airline in the early 20th century that would become Air India. "We are totally delighted to have Air India back at the Tata group and are committed to making this a world-class airline," Tata Group chairman N Chandrasekaran said.
It becomes the third airline in the Tata Group portfolio after Vistara and AirAsia India.
