‘This move will certainly be a long-term play for the Tatas’: Madhavan Menon

Sharing an encouraging note on the latest development involving the disinvestment of Air India, Madhavan Menon, Managing Director – Thomas Cook India Group, says, “The 100% disinvestment of Air India along with Air India Express (AIXL) and Air India SATS Airport Services (AISATS) by the Government of India is a significant move that reiterates its commitment towards disinvestment and certainly one that we welcome wholeheartedly. Across our companies at Thomas Cook, SOTC, TCI and our global Destination Management Specialists, we  couldn’t have hoped for a better buyer than the Tata Group who had created a world class airline in 1932, with the Maharaja ruling global skies till it was nationalised in 1953. This move will certainly be a long term play for the Tatas and with noteworthy aviation brands in their portfolio, several strategic options that are available to the team at Bombay House. We look forward to supporting the Tata Group and a re-emergence of the tourism sector with a powerful Indian aviation brand – leading from the front.”