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The Tata Group took control of Air India on January 27. It plans to buy new planes and improve its services, and it recently started a recruitment drive for fresh cabin crew members.
Tata Sons has an 83.67% stake in AirAsia India.
Hyderabad: India's civil aviation minister urged Indian airlines on Friday to add more long-haul aircraft to their fleets and to increase flights abroad, as air travel rebounds from a two-year slump due to the COVID-19 pandemic. Domestic passenger numbers are expected to exceed pre-pandemic levels
Domestic air travel in India is recovering from the pandemic, helping airlines such as IndiGo, which is Airbus' biggest customer for its A320 narrowbody planes, and Vistara, to boost capacity and utilisation levels.
The group has two full-service carriers -- Vistara and Air India -- along with two low-cost airlines -- Air India Express and AirAsia India -- and a ground and cargo handling company, AISATS.
DIPAM secretary Tuhin Kanta Pandey told reporters that Air India has been handed over to Talace Private Limited, a subsidiary of the Tata Group's holding company, which is the successful bidder.
Air India, with its maharajah mascot, was once renowned for its lavishly decorated planes and stellar service championed by the airline's founder, JRD Tata, India's first commercial pilot.
Eight brand logos would be transferable to the Tatas which they have to retain for a period of five years.
The first aviator from India, JRD Tata, gave shape to Indian aviation, and now after 68 years, the Tata Group can't be more proud when the national carrier, Air India, is likely to return to its hangar.
The government is seeking to sell 100 per cent of its stake in the state-owned national airline, including Air India's 100 per cent shareholding in AI Express Ltd and 50 per cent in Air India SATS Airport Services Private Ltd.