> Struggling Air India sold after 69 years in government hands / V000_9XA822
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Struggling Air India sold after 69 years in government hands / V000_9XA822
Clip ID 2143346
Creator AFP
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Description
India's beleaguered national carrier landed back in the hands of its founders, decades after it was nationalised and following years as a monumental burden on the public purse. Tata, a sprawling family-owned conglomerate with interests ranging from tea to software, is back in charge of Air India after concluding the 180 billion rupee ($2.4 billion) deal. The handover marked the end of a long search for a buyer by India's government, which has spent nearly $15 billion propping up the airline since 2009. IMAGES AND SOUNDBITES