<p>"Welcome back, Air India," Ratan Tata, Chairman Emeritus Tata Sons, wrote minutes after the government announced that the Tatas have emerged victorious in the bid to take over the debt-ridden airline. </p>.<p>Tata will shell Rs 18,000 crore to take back their beloved Air India. The government on Friday announced that an SPV of salt-to-software conglomerate beat a consortium led by SpiceJet promoter Ajay Singh to bag Air India. This marks the return of Air India to Tatas' folds. Tatas had founded the airline before it was nationalised.</p>.<p>"The Tata Group winning the bid for Air India is a great news. While admittedly it will take considerable effort to rebuild Air India, it will hopefully provide a very strong market opportunity to the Tata Group in the aviation industry," Ratan Tata said.</p>.<p><strong>Read: <a href="https://www.deccanherald.com/business/coming-full-circle-tatas-back-in-air-india-cockpit-1038638.html" target="_blank">Coming full circle: Tatas back in Air India cockpit</a></strong></p>.<p>On an emotional note, Tata said, "Tatas will have the opportunity of regaining the image and reputation enjoyed in earlier years. J R D Tata would have been overjoyed if he was in our midst today."</p>.<p>"We also need to recognise and thank the government for its recent policy of opening select industries to the private sector," Tata added. </p>.<p><strong>Watch the latest DH Videos here:</strong></p>
<p>"Welcome back, Air India," Ratan Tata, Chairman Emeritus Tata Sons, wrote minutes after the government announced that the Tatas have emerged victorious in the bid to take over the debt-ridden airline. </p>.<p>Tata will shell Rs 18,000 crore to take back their beloved Air India. The government on Friday announced that an SPV of salt-to-software conglomerate beat a consortium led by SpiceJet promoter Ajay Singh to bag Air India. This marks the return of Air India to Tatas' folds. Tatas had founded the airline before it was nationalised.</p>.<p>"The Tata Group winning the bid for Air India is a great news. While admittedly it will take considerable effort to rebuild Air India, it will hopefully provide a very strong market opportunity to the Tata Group in the aviation industry," Ratan Tata said.</p>.<p><strong>Read: <a href="https://www.deccanherald.com/business/coming-full-circle-tatas-back-in-air-india-cockpit-1038638.html" target="_blank">Coming full circle: Tatas back in Air India cockpit</a></strong></p>.<p>On an emotional note, Tata said, "Tatas will have the opportunity of regaining the image and reputation enjoyed in earlier years. J R D Tata would have been overjoyed if he was in our midst today."</p>.<p>"We also need to recognise and thank the government for its recent policy of opening select industries to the private sector," Tata added. </p>.<p><strong>Watch the latest DH Videos here:</strong></p>