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“WELCOME BACK, AIR INDIA,” was Ratan Tata’s first reaction on social media as soon as the big deal was made official. The development, speculated on for days and expected for months, has finally occurred. Air India’s disinvestment is now complete and the Tata Group, who quoted an enterprise value of Rs 18,000 crore for the national carrier, is the winner. The handover of Air India to the Tatas is expected to conclude by year-end. This milestone officially marks a new journey for Air India, even as it is rightly being termed a ‘homecoming’. It is also the next big step for the Tata Group, who have airline brands such as Vistara and AirAsia India in their ‘hangar’, but have Air India in their heart.

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