"We are excited to have Air India (AI) back in the Tata Group and are committed to making this a world-class airline… I warmly welcome all the employees of AI to our group, and look forward to working together,” stated N. Chandrasekaran, chairman of Tata 
Sons on January 27, 2022. The press release on their website announcing the completion of the purchase of the airline from the union government, noted, "The Tata Group takes over management and control of the airline, starting today.” Chairman emeritus Ratan Tata "joined Chandrasekaran in expressing his thankful recognition to the Government of India and its various departments.” The press release added that the Group "philosophically agree(s) with Prime Minister Narendra Modi’s vision for the aviation sector, of making it affordable and ensuring it contributes to boosting ‘Ease of Living’ for citizens.”
In a LinkedIn post, Chandrasekaran mentioned that his firstever flight was on AI in December 1986 as a trainee in Tata Consultancy Services. "I vividly recall, even after all this time, how I felt that day. There was a feeling of excitement… a special experience… a strong sense of belongingness. Today, we are as excited.”
Three entities are now within the Tata fold: AI, the national flag carrier, AI Express, the low cost carrier and AI SATS that provides ground handling and cargo services. The disinvestment involved the transfer of 100% shares of AI to Talace Pvt Ltd along with management control, noted investment and public asset management secretary Tuhin Kanta Pandey.
The Tata Group had placed the highest bid of Rs 18,000 crore in the disinvestment process. AI will be the third airline brand in the Tata Group’s stable after AirAsia India and Vistara. AI controls "over 4,400 domestic and 1,800 international landing and parking slots at domestic airports as well as 900 slots abroad,” noted business website ndtv.com.
The Economic Times of January 28 commented that AI’s journey to return to its lost glory "will be fraught with issues like older aircraft, inferior cabin products and human resource issues… Experts and the airline’s global competitors do see the airline becoming a challenger in the international space.”
The Group had set up Tata Airlines in 1932, which in 1946 was renamed Air India. The government had taken control of the airline in 1953, but J. R. D. Tata continued to be its chairman till 1977.