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Tata Group takes over debt-laden Air India from government

Flagship carrier returns to founders nearly 70 years after its nationalization

With the addition of Air India, the Tata Group will have a 25% share of the domestic airline market by capacity.   © Reuters

BENGALURU -- Tata Sons, the holding company of top Indian conglomerate Tata Group, on Thursday gained control of national carrier Air India, ending the government's two-decade hunt for a buyer for an airline that has been kept afloat with taxpayer money.

"We are excited to have Air India back in the Tata Group and are committed to making this a world-class airline," Tata Sons Chairman N. Chandrasekaran said in a statement. "I warmly welcome all employees of Air India to our group and look forward to working together."

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