Air India faced a major aviation disaster when a Boeing 787-8 Dreamliner crashed shortly after takeoff from Ahmedabad, carrying over 240 passengers. This incident poses a significant setback to the Tata Group, which recently acquired the airline in hopes of reviving its fortunes after years of mismanagement and heavy debt. Founded in 1932, Air India was nationalized in 1953 but struggled against competition in the open market after liberalization in the 1990s. The Tata Group's $2.4 billion acquisition in 2022 was a crucial step toward restoring Air India's legacy, but challenges remain evident with this accident.
The tragic crash of the Air India passenger plane with over 240 people on board highlights a major setback for the airline amid ongoing revitalization efforts by the Tata Group.
Founded in 1932, Air India was once a national icon. It struggled over decades due to mismanagement and competition, leading to its eventual privatization by the Tata Group.
The government of India's attempts to privatize Air India faced significant hurdles, including the airline's heavy debt burden, ultimately resulting in a $2.4 billion sale to Tata.
The acquisition of Air India by the Tata Group in 2022 marks a pivotal shift in the Indian aviation sector, restoring the airline to its original legacy.
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