The following links: 1 The Tata purchase of Air India - price and conditions. 2 How and why the GOI snatched Air India from Tata Ownership in the 50s. 3. An airline industry exec opinion on the purchase.
Eric’s forward to me: > https://finance.yahoo.com/news/tata-pay-2-4-billion-104931270.html What a former senior Executive VP of a Canadian airline and now consultant and on the board of a few airlines and Govt tourism authorities, who happens to be my cousin, thinks: “Probably a good thing. They need to clear out the corruption and weaken the unions. They should just be a international flag as they will never be able to compete with the lost cost efficient domestic carriers. They still are a player in one of the world’s most populous markets. Great move if they are committed to a strategic refocus.” A history of the nationalization and subsequent degradation of the airline in the Indian Express today: https://indianexpress.com/article/explained/tatas-and-their-baby-group-gets-back-what-was-snatched-six-decades-ago-7561337/ Roland. Toronto.