Tata Group patriarch Ratan Tata welcomes Air India back into the fold

Says JRD would have been overjoyed by the development, says airline was recognised as one of the world's most prestigious under the late group head

Soon after the government announced the winning bidder for Air India, Tata group patriarch, Ratan Tata, welcomed the return of the airline to the Tata fold and said the group’s winning bid is 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's presence in the aviation industry,” Tata said in a statement.

On an emotional note, Tata said, Air India under the leadership of his predecessor, JRD Tata had, at one time, gained the reputation of being one of the most prestigious airlines in the