Maharaja returns home: Tata Group takes over Air India, promises a 'world class airline'

the latest tech news, global tech news daily, tech news today, startups, usa tech, asia tech, china tech, eu tech, global tech, in-depth electronics reviews, 24h tech news, 24h tech news, top mobile apps, tech news daily, gaming hardware, big tech news, useful technology tips, expert interviews, reporting on the business of technology, venture capital funding, programing language

Maharaja returns home: Tata Group takes over Air India, promises a 'world class airline'
© Provided by The Times of India

NEW DELHI: Air India and AI Express are now Tata Group companies. The government on Thursday transferred 100% shares in Air India to Tata’s wholly owned subsidiary Talace Pvt Ltd along with management control.

the latest tech news, global tech news daily, tech news today, startups, usa tech, asia tech, china tech, eu tech, global tech, in-depth electronics reviews, 24h tech news, 24h tech news, top mobile apps, tech news daily, gaming hardware, big tech news, useful technology tips, expert interviews, reporting on the business of technology, venture capital funding, programing language

Tata Sons chairman N Chandrasekaran met Prime Minister Narendra Modi here before taking over the Maharaja that was nationalised exactly 69 years ago.

#FlyAI : Air India Limited, Air India Express & AISATS (AI stake) have become part of the Tata Group today. Senio… https://t.co/BS6EVgLJBu

Global Tech News Daily

— Air India (@airindiain) 1643280102000

“The strategic disinvestment transaction of AI successfully concluded today with transfer of 100% shares of Air India to M/s Talace Pvt Ltd along with management control. A new board, led by the strategic partner, takes charge of Air India,” department of investment and public asset management secretary Tuhin Kant Pandey Tweeted.

Global Tech News Daily

The strategic disinvestment transaction of Air India successfully concluded today with transfer of 100% shares of A… https://t.co/2x5XPXkK7n

— Secretary, DIPAM (@SecyDIPAM) 1643278979000

“We are very happy to have Air India back in the Tata Group. We look forward to working with everyone in creating a world class airline,” Tata’s Chandrasekaran said at AI Delhi HQ after taking over the airline Thursday in the presence of aviation secretary and former AI CMD Rajiv Bansal — a key architect of this difficult disinvestment, — DIPAM’s Pandey and others.

#FlyAI: A brand new chapter unfolds for Air India as part of the Tata Group.Two iconic names come together to emb… https://t.co/N3T402j8LI

— Air India (@airindiain) 1643281142000

Union aviation minister J M Scindia tweeted: “Best wishes to the new owners. I am confident that the airline will bloom under their wings, and pave the way for a thriving and robust civil aviation industry in India.”

Best wishes to the new owners. I am confident that the airline will bloom under their wings, and pave the way for a… https://t.co/LNXqoovqmo

— Jyotiraditya M. Scindia (@JM_Scindia) 1643278168000

The Tatas have hit the ground running to restore the Maharaja’s lost sheen.

The focus is on improving on time performance (OTP) — not exactly Maharaja’s strong point — with aircraft door closing 10 minutes before departure time. Inflight announcements will address passengers as guests and there could be a special recorded message from group chairman emeritus Ratan Tata. A “enhanced meal service” will be rolled out on flights in a staggered manner from Thursday.

The changes have started flowing in form of advisories to frontline staff who are interfacing with passengers. As reported by TOI on Tuesday, cabin crew BMI and grooming will be checked when they report for flights. This is being opposed by unions.

“Tonight we will transit from a public sector to a private sector. The next seven days will be very important as we will be changing our image, attitude and perception,” says a mail sent to cabin crew members.

The key points finalised by Sandeep Verma and Megha Singhania of Tatas, who will head inflight service, are that cabin crew are “important brand ambassadors playing critical role in brand/image building.

Passengers will be welcomed, addressed and served as guests. “There will be changes in (inflight) announcements… will be intimated… Special audio address by Shri Ratan Tata,” it says.

“Crew has to be smartly dressed, adhering to regulations. Grooming associates will be observe the crew for the above.” Air India domestic OTP is among the lowest for all big airlines and the founder group realises this needs to change. “On time performance is important. All endeavours to close doors at D (departure time) minus 10 minutes.”

The meal service on board will be enhanced. “The caterers have been briefed. They will gradually provide the meals and equipments for the service.” Delhi-Mumbai and key Gulf routes will be among the first to get this rollout along with flights to the US and UK.

While big ticket changes like fleet and cabin upgrade will take time, two things have been identified for giving a new feel to passengers, nee guests, post the takeover — vastly improved meal service and airline interface with crew and ground staff.

If Tatas are able to transform AI into a profitable airline — something that their recent airline ventures AirAsia India and Vistara have not been since inception in the last 7-8 years — it will be one of the biggest aviation transformations globally.

Challenges — not just financial in terms of massive investment needed for fleet and cabin upgrade — abound for the Tatas. Two pilots unions have warned of legal action over their “multiple (salary) deductions” and have projected recoveries.

“This recovery exercise is entirely illegal, and we demand that this anomaly is rectified and the amount due is repaid with immediate effect,” the letter sent by the two unions said. Cabin crew unions are up in arms against the move to check body mass index (BMI) and overall grooming of staffers when they report for flights.

The Tatas have so far not spoken about their preparations to take over AI and AI Express and also their plans for the airline. That clarity is expected when the handover happens.

It is leant the Tatas have so far not approached the regulator for a licence/s (airline operating permit) for their airline. The Aircraft Act empowers the Directorate General of Civil Aviation (DGCA) to allow the Tatas to operate the airlines in an interim period till they decide what form will their aviation vertical look like — one mega airline or the more likely option of a merged AirAsia India-Air India Express as a big low cost carrier (LCC) and Air India and Vistara continuing as separate full service carriers (FSC).

The four Boeing 747 jumbo jets of AI are also being transferred to the Tatas.

But since they are each over 27-year-old and no longer used for VVIP flights, it remains to be seen if the Tatas use them. The Rs 18,000-crore deal will see Tatas giving up Rs 2,700 crore upfront and taking over Rs 15,300 crore debt. Additionally they will spend several thousand crores on revamping the airline.

News Related

OTHER NEWS

New York Rangers get another comeback win to force Game 7 vs. Pittsburgh Penguins

PITTSBURGH — How many times can the New York Rangers dig themselves into a hole and climb back out? At least one more, as of Friday night. The Blueshirts came ... Read more »

Wilson, balanced Aces cruise to 96-73 victory over Dream

COLLEGE PARK, Ga. (AP) — A’ja Wilson scored 15 points, Kelsey Plum had 14 points and 11 assists and the Las Vegas Aces rolled to a 96-73 victory over the ... Read more »

EXPLAINER: Why frustration lingers in Okinawa 50 years later

The Associated PressFILE – U.S. Marine Corps Sgt. Mike Anglen of Turner, Ore., center, stands atop a cliff as Sgt. Bryan Wallace of Pikin, Ill., waits for his turn before ... Read more »

Astros beat Nationals 6-1 for 11th straight victory

WASHINGTON (AP) — Jose Altuve homered on the first pitch of the game, Yordan Alvarez and Yuli Gurriel also went deep and the Houston Astros extended their winning streak to ... Read more »

Kreider scores late, Rangers edge Pens 5-3 to force Game 7

PITTSBURGH (AP) — Chris Kreider’s long slap shot bounced over Louis Domingue and into the net with 1:28 left and the New York Rangers beat the Pittsburgh Penguins 5-3 on ... Read more »

Astros push winning streak to 11, roll past Nationals 6-1

WASHINGTON (AP) — Jose Altuve homered on the first pitch of the game, and Yordan Alvarez and Yuli Gurriel also went deep to help the Houston Astros extend their winning ... Read more »

Moustakas, Drury power Reds to 8-2 victory over Pirates

PITTSBURGH (AP) — Mike Moustakas homered twice and Brandon Drury drove in four runs to break out of a slump and lead the resurgent Cincinnati Reds to an 8-2 victory ... Read more »

Peterson's bases-loaded walk lifts Brewers over Marlins 2-1

MIAMI (AP) — Jace Peterson walked against Anthony Bender with the bases loaded in the ninth inning and the Milwaukee Brewers beat the Miami Marlins 2-1 Friday night. After starters ... Read more »

Padres: No cancer found during manager Bob Melvin's prostate surgery

SAN DIEGO (AP) — The San Diego Padres say no cancer was found when manager Bob Melvin had prostate surgery on Wednesday. Melvin, 60, was recovering at home Friday after ... Read more »

Ogunbowale, Gray help Wings rally past Mystics, 94-86

WASHINGTON (AP) — Arike Ogunbowale scored 27 points, Allisha Gray had 21 and the Dallas Wings overcame a 15-point second-quarter deficit to beat the Washington Mystics 94-86 on Friday night. ... Read more »

Resigning North Dakota senator led lawmakers in travel costs

The Associated PressFILE – North Dakota Sen. Ray Holmberg listens during a joint House and Senate Appropriations Committee meeting at the Capitol in Bismarck, N.D., on Jan. 7, 2009. Holmberg, ... Read more »

Residents in picturesque California county hit with gas prices topping $7 a gallon

A California county known for its spectacular mountains and proximity to Yosemite National Park has been paying the nation’s highest gas prices. Read more »

Boudreau to return as coach of Canucks next season

VANCOUVER, British Columbia (AP) — Bruce Boudreau will return as coach of the Vancouver Canucks next season after helping to turn the struggling NHL club around as a midyear replacement. ... Read more »

New Zealand leader Jacinda Ardern tests positive for COVID

On Location: May 13, 2022 Catch up on the developing stories making headlines.The Associated Press WELLINGTON, New Zealand — New Zealand Prime Minister Jacinda Ardern has tested positive for COVID-19 ... Read more »

Today in History for May 14th

Highlights of this day in history: Colonists go ashore in Virginia to set up Jamestown; Lewis and Clark begin to explore Louisiana Territory; Israel founded; Skylab launched; Movie producer George ... Read more »

Twitter CEO expects Elon Musk acquisition to close, addresses spending cuts

Musk is awaiting details supporting calculations that spam, fake accounts represent less than 5% of Twitter's users Read more »

Padres: No cancer found during Bob Melvin's prostate surgery

SAN DIEGO (AP) — The San Diego Padres say no cancer was found when manager Bob Melvin had prostate surgery on Wednesday. Melvin, 60, was recovering at home Friday after ... Read more »

Renovated NYC museum shows indigenous perspectives

The American Museum of Natural History in New York City recently finished a major renovation of its exhibition on the native peoples of the northwest coast of North America. Curators ... Read more »

Police release 911 calls in Gilgo Beach case

A woman who disappeared in a beach community on New York’s Long Island more than a decade ago, sparking an investigation into a possible serial killer, said “there’s somebody after ... Read more »

Academy Awards set 2023 Oscars for March 12

The Associated PressFILE – Oscar statue on the red carpet at the Oscars on Sunday, March 27, 2022, at the Dolby Theatre in Los Angeles. Next year’s Academy Awards will ... Read more »

Actor Fred Ward, of 'Tremors,' 'The Right Stuff' fame, dies

The Associated PressFILE – Fred Ward, a cast member in “30 Minutes or Less,” poses at the premiere of the film in Los Angeles on Aug. 8, 2011. Ward, a ... Read more »

Judge refuses to drop elections suit against Trump, media

NEW YORK — A Colorado judge on Friday denied motions to dismiss a defamation lawsuit filed by an election systems worker against former President Donald Trump’s campaign, two of its ... Read more »

Q&A: Becky G unveils every side of herself in latest album

The Associated PressFILE – Becky G appears at the Oscars in Los Angeles on March 27, 2022. Beck G’s latest album is “Esquemas.” (AP Photo/Jae C. Hong, File) NEW YORK ... Read more »

North Korea reports 21 new deaths as it battles COVID-19 outbreak

SEOUL, South Korea — North Korea reports 21 new deaths as it battles COVID-19 outbreak. Read more »

North Korea confirms 21 new deaths as it battles COVID-19

SEOUL, South Korea — North Korea says 21 people died and 174,440 people were newly found with fever symptoms on Friday alone as the country scrambles to slow the spread ... Read more »

White Sox place Giolito on COVID list, activate Vaughn

The Chicago White Sox placed ace Lucas Giolito on the COVID-19 injured list and activated outfielder Andrew Vaughn following a rehab assignment with Triple-A Charlotte on Friday. Giolito began experiencing ... Read more »

Traded back and forth, Ford learns to live out of suitcase

NEW YORK (AP) — Mike Ford has learned to travel light — and quickly. Since the start of the season, the 29-year-old first baseman has played for Tacoma, San Francisco ... Read more »

Falcon 9 rocket launches Starlink satellites

A SpaceX Falcon 9 rocket launched 53 Starlink satellites to low-Earth orbit from California on Friday. (May 13) Read more »

Celtics' Robert Williams remains out for Game 6 vs. Bucks

MILWAUKEE (AP) — Boston forward/center Robert Williams missed his third straight game with an injured left knee as the Celtics tried to keep their season alive Friday night in Game ... Read more »

Padres sign Robinson Canó, plan to use him off the bench

ATLANTA (AP) — The San Diego Padres have signed veteran second baseman Robinson Canó to a major league contract and plan to use him as a left-handed bat off the ... Read more »

WNBA star's Russia detention extended by 1 month

The lawyer for WNBA star Brittney Griner says her pre-trial detention in Russia has been extended by one month. Alexander Boykov told The Associated Press the relatively short extension indicated ... Read more »

Louisiana justices toss COVID-related charges against pastor

Hundreds of thousands of Americans fighting long-haul symptoms from COVID-19 Dr. David Putrino from Mount Sinai Health System and COVID long-hauler Joel Fram discuss the long-term effects of the disease.The ... Read more »

Sandy Hook lawsuits against Alex Jones on track to resume

The Associated PressFILE – This Tuesday, Dec. 11, 2018, photo shows radio show host and conspiracy theorist Alex Jones at Capitol Hill in Washington. The Sandy Hook families’ lawsuits against ... Read more »

Rockies' Bryant closer to return after cortisone shot

DENVER (AP) — Colorado Rockies outfielder Kris Bryant took swings in the cage Friday for the first time since he was sidelined with a sore back nearly three weeks ago ... Read more »

Mariners demote Jarred Kelenic to minors after poor start

NEW YORK (AP) — Rather than make his Citi Field debut against the team that traded him, Jarred Kelenic was demoted to Triple-A Tacoma by the Seattle Mariners on Friday ... Read more »

Biden: ASEAN partnership 'critical' in this moment

Looking to strengthen ties, President Joe Biden welcomes leaders from the Association of Southeast Asian Nations to Washington for the first time. “We’re launching a new era in U.S.-ASEAN relations,” ... Read more »

Phil Mickelson will not defend his title at next week's PGA Championship

Phil Mickelson caught lightning in a bottle last year at Kiawah Island, winning a major championship at 50 years of age. The fairways flooded, and the golf world stood and ... Read more »

Tennessee Titans' Malik Willis on Ryan Tannehill's mentorship comments: 'Everything is cool'

The Tennessee Titans didn’t take issue with Ryan Tannehill’s comments about mentoring third-round rookie Malik Willis. Willis and coach Mike Vrabel were asked about Tannehill’s scrutinized remarks following the first ... Read more »

Lawyers plan suit against Lufthansa over Jewish passengers

Lawyers for 26 passengers said Friday they told Lufthansa that they will sue the German airline for refusing to let members of a large group of Orthodox Jewish passengers board ... Read more »

Wild face offseason after yet another early ouster

While the Minnesota Wild were stacking up franchise records and securing the extra home game for the first round, general manager Bill Guerin carefully acknowledged a “great year” for the ... Read more »