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India’s Tata Sons to buy Air India for $2.4 billion

The Air India deal will return the airline to the Tata group nearly 90 years after it was founded as Tata Airlines in 1932. The government nationalized the airline in 1953. (Photo: Reuters) — The Air India deal will return the airline to the Tata group nearly 90 years after it was founded as Tata Airlines in 1932. The government nationalized the airline in 1953. **(Photo: Reuters)**

2 min read . Updated: 09 Oct 2021, 09:07 AM IST Shan li, The Wall Street Journal

The purchase of the money-losing national carrier is a win for Prime Minister Narendra Modi’s efforts to push through market-oriented changes

NEW DELHI : India’s Tata Sons is buying the country’s national carrier Air India, returning the airline to its founders and ending a decadeslong struggle by the government to unload the money-losing venture.

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India’s Tata Sons to buy Air India for $2.4 billion

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