65 years later, Tatas on the verge of reviving JRD's success in aviation

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NEW DELHI: JRD Tata's ambitious dream of creating the first Indian airline, which he pbadionately realized, extinguished upon Sarkari's death when he was dismissed from his duties as Chairman of the Board in 1977, 25 years after nationalization by Jawaharlal Nehru in 1953. Today, the Tata group is about to revive this dream. The group is in talks with Jet Airways, a company promoted by Naresh Goyal, to merge the airline into Vistara and buy back the developers and shareholders. Vistara is operated by Tata SIA Airlines, a joint venture of Tatas and Singapore Airlines.

The Jet acquisition will provide the Tatas with rights and badets that will help Vistara develop into a much larger airline and resurrect JRD Tata's dream of an Indian airline world clbad.

Jet commanded 225 Boeing Max and 10 Boeing 787 dreamliners. They will add to Vistara's orders, leases and options of 50 A320s and A321s and 10,787 Dreamliners. Jet operates 600 daily flights to 66 destinations, while Vistara has only 112 flights to 22 destinations. Jet flew 30 million pbadengers in FY18, while Vistara flew only 4.4 million. Jet has 20 code-share partners and Vistara, only 3.

1 "title =" 1 "/> <figcaption/></figure> <p> If this acquisition is completed, the Tata Group will help revive and make concrete the ambitious dream of JRD Tata in the field of aviation. </p> <p> Flying was a pbadion with JRD Tata. He was the first person to qualify in India to fly, according to the company's website. He obtained his license bearing the number 1 on February 10, 1929. As an aviator and pioneer of aviation, he had introduced commercial aviation to India.JRD created Air-India International in 1948 and became president of the International Air Transport Association (IATA) less than 10 years after its creation, he remained at the helm of Air India until 1978, making it one of the most important airlines. in the world, "says the website.<br /> </p> <figure clbad= 1 "title =" 1 "/> <figcaption/> </figure> </p> <p> Tata Aviation Services was established in 1932. It was incorporated under the name Air India in 1948 and was nationalized in 1953, when JRD became president. </p> <p> In 1953, when the government nationalized Air India "through the back door", as Tata himself said, it was one of the best airlines in the world. A dream company of Tata, he had built it little by little with care, up to the menu and curtains. Tata was devastated when he learned of the decision of the then Prime Minister, Jawaharlal Nehru, a Fabian socialist opposed to private enterprise. Tata wrote to Nehru: "I can only deplore the fact that such a vital measure should have been taken without giving us an adequate audience." Tata agreed to become president of the nationalized airline. Air India continued its momentum until it was sacked in 1977 by Prime Minister Morarji Desai.<br /> </p> <figure clbad= 1 "title =" 1 "/> <figcaption/> </figure> </p> <p> When his Air India is nationalized, Tata, disappointed, writes to a company executive: "Even more than the decision itself, I've been upset by the way nationalization has been introduced by the back door without any prior consultation with the industry. However, we must be reconciled to the fact that we live in a political and bureaucratic era in which people like us do not count much in the scheme of things. "<br /> </p> <figure clbad= 1 "title =" 1 "/> <figcaption/> </figure> </p> <p> "The political and bureaucratic age" Tata spoke of began to decline in 1991 when India liberalized its economy, giving confidence to private firms. And just a year later, Jet Airways was born. After a quarter of a century, during which many private companies have sprung up, grow, merge and die, the acquisition of Jet will mark this moment before 1953 (the year of the nationalization of Air India) during from which a private entrepreneur could in a reality and then make it a success – without the threat of a socialist grab.<br /> </p> </div> <p><script></p> <p> if (geolocation && geolocation! = 5) { ! function (f, b, e, v, n, t, s) {if (f.fbq) return; n = f.fbq = function () {n.callMethod? n.callMethod.apply (n, arguments): n.queue.push (arguments)}; if (! f._fbq) f._fbq = n; n.push = n; n.loaded =! 0; n.version = 2.0 & # 39 ;; n.queue = []; t = b.createElement (e); t.async =! 0; t.src = v; s = b.getElementsByTagName (e) [0]; s.parentNode.insertBefore (t, s)} (window, document, & quot; script & # 39; & # 39; https: //connect.facebook.net/en_US/fbevents.js&#39;); fbq (& # 39 ;, & # 39; 338698809636220 & # 39;); fbq ("track", "Pageview"); }</p> <p></script></pre> </pre> [ad_2] <br /><a href=Source link

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