News / Tata takes control in a positive move for Air India, but challenges remain

India’s salt-to-software conglomerate Tata Group yesterday took the reins at Air India, finally sending some positive signals for the national airline.

The carrier is saddled with multiple challenges that have become even more daunting amid unpredictable Covid events.

In October, Talace, a subsidiary of Tata Group holding arm Tata Sons, made the winning bid for the loss-making carrier after a long-contemplated privatisation strategy by the Indian government.

It said: “The Air India strategic disinvestment transaction has been completed today (Thursday), with the government ...