Highlights
- Tata Group starts preparations to give new flight to Air India
- Tata may take over the command of the company in January 2022
- 100 days blueprint is being prepared for its transformation
- Former Delta President Fred Reid tops CEO list
The Tata Group has started preparations to give a new flight to Air India. The Tata Group recently bought the heavily indebted state-run airline company Air India and is likely to take over its reins in January 2022. A 100-day blueprint is being prepared for the turnaround of Air India. It is believed that the Tata Group has shortlisted the name for the CEO of Air India and the name of Fred Reid, the former president of Delta Airline (Delta) of America, is leading the way. .
The 100 Day Plan includes redressal of complaints related to passengers and call centers along with improving on-time performance of Air India. A source said that the purpose of the 100 Day Plan is to improve the standards related to the basic service. These things cannot be completely fixed in the first 100 days but they can be improved. The on-time performance and passenger complaints data are generated every month and if there is any improvement then everyone can see it.
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what the company said
Tata Group declined to comment on the matter. The company said in an emailed reply that Air India share-purchase transaction is currently underway. We are working closely with the Government of India to complete this process. We will refrain from commenting on any speculation until the deal is completed.
Tata Group’s Talace Pvt Ltd had successfully made a bid to buy entire stake in Air India and Air India Express and 50 per cent stake in ground handling company AISATS. The government is preparing to hand over Air India to the Tata Group in the third week of January. According to the data released by the Directorate General of Civil Aviation in October, Air India stood at number three in terms of passenger complaints.
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who is fred reid
According to sources, the Tata Group has shortlisted the CEO for Air India. Reed is believed to be the first choice. The Tata group has stakes in Vistara and AirAsia India, but the group itself does not have aviation experience yet. A source said that it is clear that a foreign CEO will be brought in for Air India and it will be his responsibility to shape its future. Reed’s name has been shortlisted for this post. Efforts to contact Reid on LinkedIn regarding this were unsuccessful.
Reid, who lives in California, USA, is a veteran of the civil aviation industry. He has been the president of Delta and was its CEO at the time of Virgin America’s launch. Until recently, he was associated with Airbnb and is currently the President of Surf Air Mobility. In another development, the Tata Group is set to buy AirAsia Berhad’s 16 per cent stake in AirAsia India. This work can be done before transfer to Air India.
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how was homecoming
The Tata Group had bid for Air India in the name of Talace Ltd. According to officials, there is also a preparation to change its name. Talace Limited is a Private Limited Company formed on 12 August 2020. Through this, Tata Sons made a successful bid for Air India. Air India was established in 1932 as Tata Airlines. Later the government nationalized it. The government was trying to sell it for the last several years. Eventually it found a buyer in the form of Tata Sons, paving the way for the airline’s homecoming.
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