The Home Coming Story of Air India
Air India India`s oldest or first aviation company now going back to its home. Tata gets Air India by winning a bid of Rs.18,000 Crore as the Enterprise Value of Air India. The Home Coming Story of Air India 18,000 Crore is a huge number but Tata isn't using all of this money. Instead, they’re taking up about 15,300 crores of debt from the beleaguered airline and they’re using their own money close to 2,700 crores in cash. In this post, I will not discuss too much about the future of Indian aviation but I will take you to the history of Air India. The Shining history of Air India There was a time when Air India was considered the best airline in the world. The luxury travel, the food, and the interior decoration of the planes were amazing. The story begins in 1932, on 15 October JRD Tata took the first flight in the history of Indian aviation. Within 6 years, Tata Air Mail owned 15 planes and they changed the name to Tata Airlines. In 1946 Tata Airlines becomes A...