Tatas bet on executives from group companies to turn Air India around

On Friday, Tatas announced revamp of the Air India board when the airline's functional directors stepped down and execs from various group companies took charge

Tata Sons have started restructuring Air India, airline it acquired last year from the government.

The conglomerate, which has presence in sectors ranging from steel to digital, is banking on talent and expertise from its allied business to turn around the loss making carrier.

On Friday, Tatas announced restructuring of the Air India board when functional directors of the airline stepped down and executives from various Tata group companies took charge.

The new owners have also started renegotiating multiple contracts of the airline to bring down the cost of operations while starting the work for a merger of AirAsia India