(Image source from: dnaindia.com)
The Tata sons took over Air India from the Indian government which is left in a deep financial crisis. They are now in plans to set up a short-term advisory team as they have a lot of challenges ahead. Several key executives of Tata Group along with the board members and the global aviation specialists will be a part of the Advisory team. A bunch of Air India officials too will be part of the advisory team told a source. The Tata Sons will meet the team on Tuesday to discuss about the strategies and challenges. The funding plans along with how to stand in business will be discussed in this meeting. Tatas have already invested in Vistara and Air Asia which are running currently.
Tata Sons took Air India on a prestigious note and they are in no mood to compromise and are keen to bail out the airline. The advisory team will guide its integration into the fold and will complete all the formalities. The deal will be officially signed in November and the plans are chalked out. An executive told that the best team is roped in for Air India Advisory. Chairman Ratan Tata will also be approached and his advice will be sought about this plan. Ratan Tata has vast experience and global connections in the sector and his suggestions would benefit the Air India Advisory Team. Nipun Agarwal, the senior Vice President of Tata Sons cracked the deal. He is currently in France to discuss with Airbus. The suggestions from the employees too will be welcomed and some of them will spend time working at Norwegian Airlines soon.
By Siva Kumar