Beleaguered airline: A pedestrian passing the Air India building in Mumbai. The advent of private and low-cost carriers has caused Air India to lose its edge. — AFP
MUMBAI: Tata Sons Pvt is set to take over ailing Air India Ltd again, more than half a century after the country’s biggest conglomerate ceded control to the state, ending the government’s hold over an airline that for decades defined the lofty ambitions of a newly-independent nation.
A panel of ministers accepted a proposal from bureaucrats, who recommended the conglomerate’s bid ahead of an offer from entrepreneur Ajay Singh, according to sources. An official announcement is expected in the coming days, sources said.
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