For many years the Indian government tried to sell the state carrier Air India, which had already got into trouble before the corona pandemic. Now the airline is going to the Tata Sons group.

It has been speculated for a few days that the aforementioned group of companies will be awarded the contract. Tata is planning its own investments or subsidiaries with Air India to merge. The government of India has now given the go-ahead for the merger. The purchase price will be around two billion euros.

Air India is thus finding its way back to the founding family, because the carrier was originally launched as Tata Airlines in the 1930s. Nationalization took place in the 1950s. Among other things, low-cost airlines brought Air India under increasing pressure. The government originally only wanted to undertake partial privatization, but the decision was now made to sell the property in full. The low-cost Spicejet also offered, but lost.