Tata Group All Set to Take Over Air India By January

Tata Group Takes Over Air India: The Tata group is in full swing to take charge at Air India ever since the company bought the airlines major from the central government earlier this year. From chalking out dates to take over Air India completely, to appointing officers — the Ratan Tata-owned firm is doing everything to revamp the airline company which has been struggling to keep up with the aviation business for quite some time now. The Tata Group, two months back, bought a struggling state-owned Air India from the central government by placing a bid of Rs 18,000 crore at an auction.

After a hustle for one-and-a-half years, the Tata Group acquired Air India and has since been in the works to take it forward as soon as possible. According to the share purchase agreement,  Air India will pass over to Tata by January, next year

 Tata Group is looking for officials who can successfully run the airline major.  Tata Sons is likely to select aviation industry veteran Fred Reid as the Chief Executive Officer (CEO) of Air India. Reid, who has over 35 years of experience in the aviation industry, has worked with major companies. He has served as president of Lufthansa German Airlines, COO and president of Delta Airlines, CEO of Virgin America and senior advisor to the CEO and co-founder of Airbnb. Reid is currently the president of Surf Air Mobility. The aviation veteran is not new to the Tata Group, and has worked as a resort manager at Taj Group of Hotels in the 1970s.