India’s national carrier, Air India, has been officially handed over to the Tata Group, which bought the debt-ridden airline in October last year.
The Tatas paid nearly $2.4bn after the government made the terms of the debt less onerous for the buyer.
The salt-to-steel conglomerate founded the airline in 1932 before it was taken over by the government in 1953.
The handover brings to an end a years-long attempt to sell Air India, which has racked up losses worth $9.5bn. (BBC)