Thread by @VaibhavSisinty

Tata acquires Air India for 18,000 cr 🤯

Did you know, Air India was founded by JRD Tata?

Here is the incredible story 👇

1932, Air India was the brainchild of the legendary JRD Tata,

btw he was also India’s first licensed pilot.

1947, Jawaharlal Nehru, nationalized the airline,

They took it out of Tata’s control with a 49% stake in the carrier by 1952.

During that Tata era,

It was considered to be the best private airlines of the world.

But nationalizing the airline didnt really work,

Air India was losing INR 20 Cr everyday with total debts going over the roof at 60,000 Cr

2018, Indian government tried its best to privatize Air India,

but failed marking a successful end as they couldn’t find any takers.

October 2021,

Tata Group took back control of Air India for a whopping 18000 Cr

They beat Spicejet’s bid of 15000 Cr 😅

It’s been a long wait from 1932 before the buyback finally happened

Ratan Tata has never failed to impress even once.

So what if Nano couldn’t make a mark?

The world hasn’t forgotten the iconic acquisition of Land Rover Jaguar

Anyways, I believe this deal is going to be a landmark event for the airline revival in India

Tata group will be allowed to merge with Vistara and AirAsia as well..

Now, Air India will be able to compete with other economy carriers like SpiceJet & Indigo

Finally, Air India is on its way to become a world class airline;

A dream that JRD Tata saw long back.

The best part,

Air India stays with an Indian business hand 👐

Truly an Indian moment. Isn’t it?

I personally used to dislike travelling by Air India,

Now I am looking forward to my next Air India flight 😅

Thoughts?

Oh also, if you enjoyed reading the thread.

Make sure you retweet with your thoughts

And, do follow @VaibhavSisinty ( it's freee :) )