Tata, who died in 1993, frequently said that his job at Air India was to protect the airline from the central government in Delhi. No doubt the sentiment contributed to his sacking—and was justified. After his exit the flag-carrier entered a spiral. In recent years it was losing nearly $3m a day. Operating costs far exceed the industry average. So do customer complaints.
Given what has unfolded in India’s aviation since J.R.D.’s inglorious dismissal, it is not entirely unfair to conclude the government did Tata Group a favour by taking Air India off its hands. Private carriers have emerged only to go bust. Covid-19 travel restrictions have caused the industry to wallow in losses. Indigo, the most successful carrier with a market share of 57%, is embroiled in litigation between its founders and has ejected multiple top executives.
Still, Tata’s move is not without reason. Its current management sees its existing aviation operations as irredeemably subscale. The deal will double Tata’s domestic market share to 27% and give it a platform for growth through Air India’s network of landing slots abroad, particularly in London and New York. Air India owns a low-cost airline based in the state of Kerala that does a booming business ferrying Indian workers to and from the Persian Gulf, and could dovetail with AirAsia India.
Tata needs to invest in JLR. The German brands lead over the British brands is widening ever more, not to mention the industry leader Tesla.
this is terrible news
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Opinion | New Delhi Says Tata to NationalizationFrom WSJopinion: The acquisition of Air India promises to shake up India’s aviation market, once one of the fastest-growing in the world. But the real significance is political, writes dhume. opinion dhume Good history - bureaucrats deserve harsher language. IASassociation opinion dhume There is no greater joy than having financial stability and a life free of debts, that’s why I keep tweeting about lisamiaBTC it has been a pleasure collaborating with you...there is no other way I can show my appreciation other than tweeting the good deed you have done opinion dhume ONLY BIG NATION WITHOT NATIONAL AIR LINE AFTER 74YEARS OF INDEPENDENCE..IS SHAMEFUL AS SELLING NATIONAL ASSETS RUINED INDIAN ECONOMY& HONOUR OF REGIEM.MORE WORST AHEAD AS DAILY LOOT ON PETROL GAS ADDED WORST ALREADY SUFFERING INDIANS OF HUGE PRICE RUSE NO JOBS HUGE TAXES
Source: WSJ - 🏆 98. / 63 Read more »
Air Force general is second woman to lead a top US commandAir Force Gen. Jacqueline Van Ovost on Friday became only the second woman to lead one of the Pentagon's 11 so-called combatant commands, the multi-service organizations that spearhead U.S. military operations around the world. At a change-of-command ceremony at Scott Air Force Base in Illinois, Defense Secretary Lloyd Austin applauded Van Ovost's historic rise to lead U.S. Transportation Command. “We need every Jackie Van Ovost we can get,” Austin, a retired Army general, said.
Source: YahooNews - 🏆 380. / 59 Read more »
Opinion | New Delhi Says Tata to NationalizationFrom WSJopinion: The acquisition of Air India promises to shake up India’s aviation market, once one of the fastest-growing in the world. But the real significance is political, writes dhume. opinion dhume Good history - bureaucrats deserve harsher language. IASassociation opinion dhume There is no greater joy than having financial stability and a life free of debts, that’s why I keep tweeting about lisamiaBTC it has been a pleasure collaborating with you...there is no other way I can show my appreciation other than tweeting the good deed you have done opinion dhume ONLY BIG NATION WITHOT NATIONAL AIR LINE AFTER 74YEARS OF INDEPENDENCE..IS SHAMEFUL AS SELLING NATIONAL ASSETS RUINED INDIAN ECONOMY& HONOUR OF REGIEM.MORE WORST AHEAD AS DAILY LOOT ON PETROL GAS ADDED WORST ALREADY SUFFERING INDIANS OF HUGE PRICE RUSE NO JOBS HUGE TAXES
Source: WSJ - 🏆 98. / 63 Read more »
Millions of travelers rated the 'world's best' airlines. Here's what they choseQatar Airways is once again the 'world's best airline,' according to a survey conducted by air transportation research firm Skytrax. Here's why. MakeIt horrible MakeIt When I’m flying I don’t really care how employees are treated. Just want a smooth comfortable flight. MakeIt 😍
Source: CNBC - 🏆 12. / 72 Read more »
'True Colors' at 35: How Cyndi Lauper Reimagined Her Career With Her Sophomore AlbumOn the 35th anniversary of 'True Colors,' CyndiLauper looks back on how she went from being the girl who just wanted to have fun, to becoming an artist with a message. cyndilauper I a new artist and the music is good 😊 cyndilauper Khánh Châu Diễm Kiều Mỹ Ngọc Tú Anh Mỹ Tâm
Source: billboard - 🏆 112. / 63 Read more »
Analysis: This senator accidentally told the truth about why he wanted Donald Trump's endorsementIf you listen closely enough, politicians will usually tell you the truth -- even if they don't do it on purpose. Witness Sen. Chuck Grassley, accepting the endorsement of former President Donald Trump at a rally over the weekend in Iowa. ChrisCillizza Just shameless ChrisCillizza He's getting as many pawns in place in hopes of being elected in 2024 with no intentions of leaving office. He isn't about the country, he's about feeding his narcissism. ChrisCillizza Trump certainly does not deserve to run for Presidency next 2024. His possible re-election will cause the disgregation of the country. However, having said that, politics are unable or not willing to understand why Trump has such endorsement by almost 50% of population
Source: CNN - 🏆 4. / 95 Read more »