The airline expects its latest step to provide its employees with a platform that promotes more open communication and information sharing within and across all levels of the organisation.
Paying his tribute to Rakesh Jhunjhunwala, Ratan Tata wrote, "My heartfelt condolences go out to his family which has to share the burden of this great loss."
Suhel Seth tried to persuade Ratan Tata to make it to the event by citing Prince Charles but to no avail. He didn’t turn up for his own award.
Wilson is expected to meet the representatives of Air India's unions in order to expedite the process of clearing out former colonies of the airline, multiple people aware of the development said.
The Tata Group took control of Air India on January 27 after successfully winning the bid for the airline on October 8 last year.
The steel-to-salt conglomerate is also targeting to be among the top 5 technology firms in the steel industry globally by 2030.
JRD Tata, unlike other entrepreneurs, did not think of choosing a profitable enterprise. He thought of putting India's needs first.
Aviation pioneer JRD Tata has left behind an enduring legacy, Ratan Tata said.
Prior to joining Neu in 2019, Banerjjee worked as the CTO of Tata Cliq. He joined the group in 2016 and extensively worked with TCS.
The three B777-200LRs help service the 10 weekly flights Air India operates between New Delhi and San Francisco. This have been one of the super-hit routes of Air India, which it is unlikely to let go of. Moneycontrol explains the implications of the sale.
Whether it’s market share or on-time performance, Air India has been languishing close to the bottom of the monthly charts. The airline’s priority seems to plugging losses first.
The company’s total power portfolio stands at 5,524 megawatts (MW), which includes an installed capacity of 3,634 MW and 1,890 MW under various stages of implementation.
Air India has a total of 12,085 employees of which 8,084 are permanent and 4,001 are contractual.
This is the seventh year in a row, when Voltas is witnessing over one million AC milestone,
Older employees of Air India feel that the new management is focused on replacing them with new hires.
Following the removal of various pandemic-related curbs, aviation is picking up and demand has bounced back, and dry leasing is an option to enhance capacity in the short-term, they said.
To navigate through these ”short-term bumps” in this uncertain environment, the company will focus on strong execution, maintaining agility and nimbleness,” he said while addressing shareholders at the annual general meeting (AGM).
He joined other industry leaders like Mahindra Group Chairman Anand Mahindra, RPG Enterprises Chairman Harsh Goenka, Biocon Ltd Chairperson Kiran Mazumdar-Shaw and Apollo Hospitals Group Joint Managing Director Sangita Reddy who have come out in support of the scheme.
Christian Scherer, chief commercial officer of Airbus, said that Air India is clearly reorganising itself under the ''able stewardship” of the Tata Group and wants to invest in new planes to regain international passenger market share.
His remarks came after it was reported last week that the Tata Group-owned Air India has decided to procure its maiden batch of wide-bodied A350 aircraft from Airbus and the first plane is likely to be delivered to the airline by March 2023.
For Sanjiv Kaul, a chance meeting with Ratan Tata on a Jet Airways flight changed the trajectory of his career.
Will invest $15-20 mn annually for next 5 years; investment to be mostly for adding aircraft.
Based on the GMV of key categories on Tata Neu, JM Financial believes the value of Tata Digital "could be upwards of $15 billion".
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Air India, Vistara and Singapore Airlines are the three key airlines that operate on the two aforementioned routes.