After a niche of 68 years, Air India on Friday returned to its founders because the Tata Sons received the bid to accumulate the debt-laden nationwide service, providing Rs 18,000 crore for buying 100 per cent shareholding. The historic win, is Air India’s homecoming as Jehangir Ratanji Dadabhoy (JRD) Tata in 1932 based Tata Aviation Service, the precursor of Tata Airlines and Air India. Tata Airlines went public in 1946, as a ‘joint stock company’ named Air India. The maiden flight on June 8, 1948 of Air-India International — Independent India’s first public-private enterprise — with its iconic mascot Maharaja to Europe, has remained as a landmark in India’s aviation historical past.
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