India's national carrier Air India has been officially handed over to salt-to-steel conglomerate Tata Group, successfully closing the purchase of the debt-ridden airline which was first announced in October last year. The Tatas, who founded the airline in 1932 before it was taken over by the government in 1953, paid around $2.4 billion (1.7 billion euros) after the terms of the debt were made less onerous for the buyer. The handing over culminates years-long efforts to sell Air India, … [Read more...] about Air India reunites with original owner Tata Group