Air India is an airline company headquartered in New Delhi, India. It is the second-largest Indian airline after IndiGo as of December 2018. Air India operates a fleet of Airbus and Boeing aircraft serving various domestic and international destinations.
A short history of the company
Air India was founded as Tata Airlines in 1932 by J.R.D. Tata, founder of the Tata Group, Air Services of India Limited (ASIL). It was established as an Indian public sector undertaking under the name Air India International Limited on April 8, 1953, with the government of India holding a minority stake in the airline. In 1953, it became the national carrier of India. It renamed itself to Air-India International Limited (AIIL) on January 1, 1957, after which it became a public limited company under The Air Corporations Act.
Quick updates on Air India
Chairman JRD Tata was ousted from the committees of Air India and Indian Airlines by the then-Morarji Desai government on February 1, 1978.
The Indian Airline, Air India, has been in the news lately for all the wrong reasons. The airline is in complete chaos with its employees going on strike and the government taking over control of managing the company. The problems faced by Air India are not just limited to its employees and management. They are also faced by passengers unhappy with the poor customer service that they have been receiving from this airline.
The CEO of Air India, Ashwani Lohani, is not doing a good job and is responsible for bringing this company to its knees. He needs to be replaced immediately before he can do any more damage to this airline that has served as a symbol of pride for many Indians. Regardless of all these allegations, the CEO of Air India has not been removed from his position till now.
However, in the first month of 2022, after 69 years, the Tata Group has again taken Air India under its control. Therefore, now it can be expected that the quality of Air India will be recovered. Tata Sons regained Air India, and on an honorary day, Prime Minister Narendra Modi was called upon by Natarajan Chandrasekaran.
During the press release, Tata Sons Chairman N. Chandrasekaran stated, “We philosophically agree with the Prime Minister’s vision for the aviation sector, making it affordable and ensuring it contributes to boosting ‘Ease of Living’ for citizens.”
After officially retaking control of Air India, Tata Sons N. Chandrasekaran handed over an internal letter to the employees of Air India, where he wrote this,
“My first flight was with Air India in December 1986, and I will never forget how special it felt to be on board or the exhilaration as we soared into the sky… today is the beginning of a new chapter. The nation’s eyes are on us, waiting to see what we achieve together. To build the airline our country needs, we need to look to the future.”
All have high hopes for this strategic partnership with Air India and Tata Sons. Along with Natarajan Chandrasekaran and other officials of Tata Group, Disinvestment Secretary Tuhin Kanta Pandey, Civil Aviation Secretary Rajiv Bansal, Air India’s CMD Vikram Dev Dutt, and other government officials and Air India heads were present during the signing event. As per the contract’s terms and conditions, one year from the inference of the transaction, Tata Sons have to retain the existing workforce of Air India and can propose a voluntary retirement scheme (VRS) in the next year.
Also Read: Ratan Tata- His Success Story An Inspiration