Latest news with #NChandrasekaran
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Business Standard
8 hours ago
- General
- Business Standard
Air India crash probe: India permits ICAO expert to join as observer
India has decided to grant observer status to an expert from the United Nations aviation body, the International Civil Aviation Organisation (ICAO), in the investigation into the deadly Air India crash that occurred on June 12 in Ahmedabad, news agency PTI reported. The ICAO had earlier sought observer status for its expert, which is not a common practice. Following internal deliberations, Indian authorities accepted the request. 'The Indian authorities are approaching the probe in a transparent manner,' an official said, as quoted by the report. According to the ICAO website, aircraft accident investigations are conducted in line with Annex 13 of the Chicago Convention, which outlines the procedures and international standards — known as Standards and Recommended Practices (SARPs) — aimed at ensuring consistency and safety in global aviation. Air India crash in Ahmedabad The crash, one of the worst air disasters in India in decades, involved a Boeing 787-8 Dreamliner operating as Air India flight AI 171. The aircraft was en route to London's Gatwick Airport when it crashed into a medical hostel complex in Ahmedabad's Meghani Nagar area shortly after takeoff. Of the 242 people onboard, 241 were killed, with only one survivor. The total death toll stood at 270, including casualties on the ground. The Aircraft Accident Investigation Bureau (AAIB) launched a probe after the tragedy and constituted a multidisciplinary team on June 13. The team includes representatives from the US National Transportation Safety Board (NTSB), an air traffic control officer, and an aviation medicine specialist. Black box analysis underway The Ministry of Civil Aviation confirmed on Thursday that data is being retrieved from the aircraft's black boxes. Both the Cockpit Voice Recorder (CVR) and Flight Data Recorder (FDR) are under analysis as part of efforts to determine the cause of the crash. Parliament committee summons top officials Parliament's Transport Committee has summoned officials from Boeing as well as India's Civil Aviation Secretary, The Economic Times reported. The committee, led by Rajya Sabha MP and JD(U) leader Sanjay Jha, aims to scrutinise the incident in detail, including the procurement process of the Boeing 787-8 and its suitability for Air India's operations. The panel will also hold discussions with key stakeholders such as the Directorate General of Civil Aviation (DGCA) and Air India. Tata promises long-term family support Tata Sons Chairman N Chandrasekaran announced on Thursday that Tata Sons and Tata Trusts would jointly establish a dedicated trust to offer long-term assistance to families of those who lost their lives in the accident. The move is seen as part of Tata Group's broader humanitarian response, given its ownership of Air India. (With agency inputs)
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Business Standard
a day ago
- Politics
- Business Standard
Parl panel summons Boeing officials, civil aviation secy in Air India crash
Two weeks after a Boeing Dreamliner with Air India crashed in Ahmedabad minutes after taking off, Parliament's Transport Committee has summoned Boeing officials and the Civil Aviation Secretary to appear before the panel, The Economic Times reported on Friday. The officials have been summoned regarding the safety concerns. Citing sources, the report stated the panel intends to conduct a detailed study of the crash and will hold deliberations with several stakeholders, including Air India, the Directorate General of Civil Aviation (DGCA), and Boeing. India's worst air tragedy in decades under investigation On June 12, an Air India flight from Ahmedabad to Gatwick (London) crashed into a medical college in the Meghani Nagar area of Ahmedabad shortly after takeoff. The crash resulted in the loss of nearly 270 lives, including 241 people out of 242 people on board. The committee, chaired by Rajya Sabha MP and Janata Dal (United) national working president Sanjay Jha, oversees matters relating to transport and civil aviation. The panel is expected to submit a detailed report on aviation safety and investigate issues such as when the Boeing 787-8 Dreamliner was procured and why it was selected over other aircraft, the report said. Data extracted from black box The developments come a day after the investigators probing the Air India Flight 171 crash extracted data from the black box at the Aircraft Accident Investigation Bureau (AAIB) lab in Delhi, the Ministry of Civil Aviation (MoCA) said, adding that the analysis of the data is underway. In an unusual move, the United Nations offered one of its investigators to India to assist in the probe of the crash. However, earlier today, Reuters reported that the central government has denied a UN investigator to join the probe of Air India flight 171. Tata pledges long-term family support Meanwhile, N Chandrasekaran, Tata Sons' chairman, on Thursday, announced that Tata Sons and Tata Trusts will jointly form a dedicated trust to provide long-term assistance to the families of the deceased in the accident.
The Print
a day ago
- Business
- The Print
Tata Sons holds first board meet after Air India plane crash
Tata Sons will be working with its majority shareholder Tata Trusts for furthering the relief efforts to those affected in the tragedy, they said. Chandrasekaran updated the board about the relief efforts and other aspects undertaken by the group since then, as per sources in the know. Mumbai, Jun 26 (PTI) Tata Sons held its first board meet after the Air India plane crash, where chairman N Chandrasekaran apprised the group leadership about the tragedy. The nine-member board, which oversees operations of over 100 companies in the salt-to-software group, also paid condolences to the deceased at the meeting. At least 270 people, including all but one of the 242 passengers and crew members on board the Ahmedabad-London Gatwick flight AI-171, were killed after the Boeing Dreamliner crashed soon after take-off on June 12. Tata group, which owns Air India, has declared a compensation of Rs 1 crore to each of the kin of all the deceased. As per reports, Chandrasekaran has taken direct control of Air India's daily operations. PTI AA HVA This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
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First Post
a day ago
- Business
- First Post
Tata Sons mulling setting up trust for Air India crash victims, BJ medical college with Rs 500 cr allocation
The proposed fund would be used to offer compensation for the victims of the plane crash and renovation of the affected medical college read more People near the debris of the Air India plane that crashed moments after taking off from the airport, in Ahmedabad, Gujarat, India, Thursday, June 12, 2025. The London-bound plane was carrying 242 passengers. (Photo: PTI Photo) In yet another move aimed at extending financial support to the families of the victims of the June 12 Air India crash in Ahmedabad, Tata Sons has sought board approval for setting up a trust with an estimated 500 crore ($58.4 million) allocation. Tata Sons is the holding company of the $400 billion Tata Group, which owns Air India. Tata Sons chairman N Chandrasekaran has already informed the board about the proposal, reported Economic Times, citing multiple sources. STORY CONTINUES BELOW THIS AD Earlier, Tata Sons proposed setting up two separate trusts, each for Indian nationals and foreigners who died in the plane crash. How the fund would be used? The report said that the fund would be used to offer compensation for the victims of the plane crash and renovation of the affected medical college. Several buildings of the B.J. Medical College and Civil Hospital in Ahmedabad sustained severe damage by the smouldering fuselage of the ill-fated aircraft that fell from the skies. As per the report, the rest of the funds would be used for long-term needs of the affected families. This initiative is reportedly being led by PB Balaji, group CFO of Tata Motors. According to the sources cited in report, people from outside the Tata Group would also join the trust to ensure transparency and compliance. Who is liable to pay compensation? According to experts, Air India is liable without limit, unless any evidence emerges which shows that the airline was not at fault. If the airline comes out clean, then Boeing would be liable without limit. Financial Express quoted UK-based James Healy-Pratt, a lawyer who is assisting the families of the plane crash victims, as saying that the families must not accept any final offer for compensation but take an advanced payment of £17,200 from Air India. He said that average time for getting compensation is two years and the amount is always more than what the families are offered earlier on. He also made it clear that Air India had a legal liability to pay £17,200 per passenger as an advance payment within 15 days.
Time of India
2 days ago
- Business
- Time of India
Tata Plans ₹500cr Trust for Families of Crash Victims
Tata Sons , the holding company of the Tata Group, has sought board approvals to set up a trust that will extend financial support to the families of the victims of the Air India crash in Ahmedabad. At an interim board meeting Thursday, chairman N Chandrasekaran apprised the board of the proposed trust structure, multiple sources told ET. Approvals have been sought for an estimated ₹500-crore allocation to the entity, said one of the sources cited above. Tata Sons had earlier considered setting up separate trusts — one for families of Indians and the other for foreign nationals who died in the crash. According to sources, the funds will be used for compensation payouts to the families of the 271 victims, medical care, and renovation of the affected medical school, where several facilities were gutted by the smouldering fuselage of the ill-fated aircraft that fell from the skies moments after take-off. The rest of the corpus will be earmarked for the long-term needs of the affected families. The trust, which is expected to be registered soon, will support both Indian citizens and foreign nationals, including several British passengers on board the flight. The initiative is being led by PB Balaji, group CFO of Tata Motors, who brings extensive experience in regulatory, financial, and corporate governance matters. The trust will also include individuals from outside the Tata Group to ensure robust governance and compliance, sources said. Tata Trusts is also likely to contribute to the fund. The board meeting was attended by Tata Trust nominees Noel Tata, Venu Srinivasan, and Vijay Singh. There are significant legal complexities related to claims from the crash, sources added. Tata Sons did not comment. PB Balaji is overseeing the framework and implementation of the trusts to ensure they remain compliant, transparent, and sensitive to the specific legal and cultural contexts of the affected families. The trust will be structured to provide sustained financial support to immediate family members, covering essentials such as children's education, healthcare, and daily living expenses. This goes beyond a one-time ex-gratia payment. The approach echoes the Tata Group's response to the 26/11 Mumbai terror attacks in 2008, when a trust was set up to offer long-term financial and emotional support to employees and their families of the Taj Mahal Palace Hotel, operated by the Tata-owned Indian Hotels Company Ltd.
