Netizens could not help but to congratulate Air India as well as the Tata Group on the news of Air India's takeover. Anand Mahindra, chairman of the Mahindra Group, congratulated Air India and Tata Group on the takeover. Mahindra said that Air India as a brand is a part of the nation's treasure and there is no better custodian than the Tata Group for the beleaguered airline from the point of view of passion and resources to restore its old glory. We at Mahindra Group congratulate the Tata Group and the whole Air India family on this milestone. Air India is a brand that is part of the nation's treasure trove. It is the Mahindra Group boss that there is no better custodian from the point of view of passion and resources to restore its old glory.
The CEO of Snapdeal Kunal Bahl said that there was something so fitting about the Tata Group owning and operating Air India. Bahl said that the Mumbai-based auto to beverages conglomerate deserves to carry our national carrier flag and take it to new heights. Airline carriers IndiGo and the Tata-Singapore Airlines backed Vistara also congratulated Air India and Tata Group on the homecoming of the Maharaja. Vistara tweeted: Many congratulations, Air India! Wishing you happy landings in every weather as you start this new innings as part of the Tata Group. IndiGo tweeted, What a homecoming! Here s to a soaring future ahead, congratulations to Air India and Tata Group. Natarajan Chandrasekaran, chairman of Tata Sons, spoke about his first flight on Air India in December 1986, when he was an intern at Tata Consultancy Services TCS besides welcoming Air India back into the Tata Group after 68 years.
Today is a historic day for all of us in the Tata Group as we welcome Air India to the Group. Chandrasekaran stated in a LinkedIn post that they are excited and committed to making this a world class airline.
My first flight was on Air India, like many of us, in December 1986. I was a young intern at Tata Consultacy Services. I vividly remember how I felt that day, even after all this time. There was a feeling of excitement, that it was a special experience. There was also a sense of belongingness. In his LinkedIn post, Chandrasekaran stated that the Tata Group is looking forward to work with Air India and take the Maharaja to new heights in the future.
On 25 October 2021, the Share Purchase Agreement SPA was signed. Strategic Partner M s Talace Pvt Ltd Air India and the Government worked towards fulfilling a set of conditions precedent defined in the SPA, including approvals from antitrust bodies, regulators, lenders, third parties, etc. These conditions have been met to mutual satisfaction. The Tata Group won't be able to retain core-assets at the Vasant Vihar Housing colony of AI, AI building at Mumbai s Nariman Point and Air India building in Delhi. Of the 141 Air India aircraft Tatas will get, 42 have been leased while 99 are owned.
The flight announcement for tomorrow changes after handover by Air India.