India sells struggling Air India back to Tata conglomerate
The airline was founded in 1932 with the first flight piloted by Tata's eponymous chairman himself JRD Tata, flying mail and passengers in a single-propeller de Havilland Puss Moth from Karachi to Bombay, as the city was known then.
PREMIUM World
Members of ground staff stand next to an Air India aircraft on tarmac at the Indira Gandhi International airport in New Delhi. (Photo by Sajjad HUSSAIN / AFP)
By NewVision Reporter
Journalists @NewVision
Tea-to-software Indian giant Tata is buying back Air India, 89 years after founding it as Tata Air and half a century following its nationalisation, the government said Friday.
The 180-billion-rupee ($2.4-billion) deal marks the end