Air India: Tata Group takes over loss-making national carrier

India’s national carrier, Air India, has been officially handed over to the Tata Group, which bought the debt-ridden airline in October last year.

The Tatas paid nearly $2.4bn (£1.7bn) after the government made the terms of the debt less onerous for the buyer.

The salt-to-steel conglomerate founded the airline in 1932 before it was taken over by the government in 1953.

–BBC

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