Timeline: Air India Returns To Tatas' Hangar As Group Wins Bid
NDTV
Tata Sons regained control of Air India - nearly 70 years after its nationalisation - with the government picking up the salt-to-software conglomerate as the winning bidder for the debt-laden state-run airline.
The deal completes a full circle as Air India was founded in 1932 under the name Tata Airlines by family scion and aviation enthusiast Jehangir Ratanji Dadabhoy Tata.
The following is a brief history of the loss-making airline:
* Oct. 8, 2021 - India government announces Tata Sons as the winning bidder for its 100% stake in Air India, after the conglomerate bid 180 billion rupees ($2.40 billion).
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