Tag: Ratan Tata

• Tuesday, October 12th 2021 - 14:54 UTC

  Tata Group takes over Air India for US$ 2,4 billion; airline returns to its original founders

  

  The Tata Group is taking over India's flag carrier Air India, following an agreement to pay US$ 2,4 billion. The airline has been losing money at the rate of a billion dollars since 2009, and under the deal Tata will only pay a quarter of the company's total debt.