Tatas’ Air India-Vistara merger: Can the group conquer Indian skies?

127841101 gettyimages 1236766483 594x594

Tata Group bought debt-ridden Air India – formerly India’s national carrier – from the government for $2.2b (£1.8b) in 2021. The airline was once a symbol of national pride in India, but the rise of private, low-cost carriers in the 2000s was a major reason for its downfall. As India’s aviation sector became more competitive, Air India began making heavy losses and relied on taxpayer-funded bailouts to stay afloat.

Author: desi123

Desi123.com is an online news portal that aims to provide the latest trendy news for Asians living in Asia and around the World.

Leave a Reply

Your email address will not be published. Required fields are marked *