SigmaWay Blog

SigmaWay Blog tries to aggregate original and third party content for the site users. It caters to articles on Process Improvement, Lean Six Sigma, Analytics, Market Intelligence, Training ,IT Services and industries which SigmaWay caters to

Can Tata turn around the condition of Air India?

According to a report by ET , Tata Group buys a controlling stake in beleaguered national carrier Air India. Irony is, it’ll go back to same group which had built and nurtured it into one of the world’s finest airlines. Tata Sons set up Tata airlines in 1932. JRD Tata, the legendary entrepreneur, himself flew the first flight between Karachi and Mumbai.Then it became a public company and was renamed Air India. In 1953, prime minister Jawaharlal Nehru, a Fabian socialist, decided to nationalize Air India “through the back door”. Living upto Nehru’s sentiment, Air India today reels under a debt of about Rs 50,000 crore and has never made a profit in a decade, despite eating up Rs 24,000 crore of a government bailout package. Even Tatas are concerned now over its huge debt. While there is no certainty if Tatas can turn Air India around if they decide to buy a controlling stake. Read more at : http://economictimes.indiatimes.com/industry/transportation/airlines-/-aviation/how-history-will-come-full-circle-if-tatas-buy-air-india/articleshow/59253577.cms

 

Rate this blog entry:
Start ups: Not that hard to open
Solutions to increase revenue opportunities
 

Comments

No comments made yet. Be the first to submit a comment
Already Registered? Login Here
Guest
Monday, 26 August 2019
If you'd like to register, please fill in the username, password and name fields.

Sigma Connect

sigmaway forums

Forum

Raise a question

Access Now

sigmaway blogs

Blogs

Blog on cutting edge topics

Read More

sigmaway events

Events

Hangout with us

Learn More

sigmaway newsletter

Newsletter

Start your subscription

Signup Now

Sign up for our newsletter

Follow us