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United News of India
3 days ago
- Business
- United News of India
Tata Sons launches AI-171 Memorial & Welfare Trust
Mumbai, July 18 (UNI) Tata Sons today formalised and completed the registration of a public charitable trust here dedicated to the victims of the recent Air India flight AI-171 disaster in Ahmedabad. The Trust will be christened 'The AI-171 Memorial and Welfare Trust' and provide both immediate and continuing support to the dependents/next-of-kin of the deceased, to those who were injured, and to all others who are directly or collaterally affected by the accident. The Trust will also provide aid and assistance for alleviation of any trauma or distress suffered by the first responders, medical and disaster relief professionals, social workers and governmental staff who provided institutional support and service in the aftermath of the accident, according to a Tata Sons media statement. Tata Sons and Tata Trusts have together pledged to contribute Rs. 500 crores (with both committing Rs. 250 crores each) for the Trust's philanthropic objects, which will include ex-gratia payment of Rs. 1 crore to the next of kin of the deceased, medical treatment of those who suffered serious injuries, and support for rebuilding the B.J. Medical College Hostel infrastructure which was damaged in the accident. The trust will be managed and administered by a 5-member Board of Trustees. The initial two trustees appointed to the Board are: S. Padmanabhan, a former Tata veteran and Sidharth Sharma, Tata Sons' General Counsel. Additional trustees will be appointed shortly. The Trust will be funded and will commence its work in all earnestness after necessary registration with the Tax authorities and other operational formalities, currently underway, are completed. UNI BM SSP
Indian Express
3 days ago
- Business
- Indian Express
Tata Sons sets up RS 500 crore AI-171 Memorial Trust for Air India crash victims
Tata Sons has formally set up a public charitable trust — The AI-171 Memorial and Welfare Trust — to support the victims and families affected by the tragic Air India AI-171 Dreamliner crash in Ahmedabad. The group has pledged a total of Rs 500 crore towards the trust, with Tata Sons and Tata Trusts, headed by Noel Tata, contributing Rs 250 crore each. The trust will provide financial and rehabilitation support, including a Rs 1 crore ex-gratia payment to the families of the deceased, medical assistance to those seriously injured, and aid for rebuilding the B.J. Medical College hostel, which was damaged during the crash. The horrific incident, which occurred on June 12, claimed the lives of 241 out of the 242 passengers on board, as well as several individuals on the ground. 'The Trust will be funded and will commence its work in all earnestness after necessary registration with the tax authorities and other operational formalities, currently underway, are completed,' it said in a statement. The Trust will provide both immediate and continuing support to the dependents/next-of-kin of the deceased, to those who were injured, and to all others who are directly or collaterally affected by the accident. Importantly, the trust will also extend support to first responders, medical teams, disaster relief workers, and government personnel who played key roles in the rescue and recovery operations following the crash. This includes assistance to address trauma, mental health challenges, and other distress these individuals may have experienced in the course of their service. The AI-171 Trust has been formally registered in Mumbai and will be governed by a five-member board. The first two trustees named are S. Padmanabhan, a long-serving Tata Group veteran, and Sidharth Sharma, General Counsel at Tata Sons. The remaining trustees will be appointed shortly. Commenting shortly after the tragedy, Tata Sons Chairman N. Chandrasekaran, who also chairs Air India, had spoken of the need for long-term care beyond financial help. 'There are structures we want to put in place. One of the things we've been thinking about is creating a trust — something sustainable that can support affected families,' he said. Meanwhile, Air India CEO Campbell Wilson has stated that the preliminary findings into the AI-171 crash have opened up more questions than answers, indicating that the investigation remains ongoing and complex. The AI-171 Trust represents a significant and compassionate effort by the Tata Group to support recovery and rebuild lives after one of India's worst aviation disasters.
Time of India
3 days ago
- Business
- Time of India
Air India crash: Tata Sons sets up Rs 500 crore relief trust with cash payouts, trauma aid, & infrastructure support; Details here
Tata Sons has set up a public charitable trust named The AI-171 Memorial and Welfare Trust in Mumbai to assist victims of the Air India AI-171 crash in Ahmedabad. The initiative, supported jointly by Tata Sons and Tata Trusts, comes with a total financial commitment of Rs 500 crore—Rs 250 crore from each entity. The trust aims to provide both immediate relief and long-term support to the families of the deceased, injured passengers, and others impacted by the incident. According to Tata Sons, the trust is focused not only on financial compensation but also on supporting those who were directly or indirectly affected, including personnel involved in rescue and relief operations. Financial aid and rehabilitation measures As part of its relief measures, the trust will provide an ex-gratia payment of Rs 1 crore to the families of each deceased individual. For those who sustained serious injuries in the accident, medical assistance will be offered. The trust will also undertake the reconstruction of the damaged hostel building at B.J. Medical College in Ahmedabad. BREAKING It's becoming increasingly clear that the captain of the Air India flight which crashed last month intentionally shut off the fuel switches on the plane, leading to the crash.A black box recording reveals that after the fuel switches went off, the co-pilot asked the… The scope of support will extend beyond the passengers and their families. First responders, healthcare professionals, and disaster relief workers who were involved in handling the aftermath will also receive trauma recovery assistance. Governance and timeline Five-member board to oversee trust's functioning after regulatory approvals. The AI-171 Memorial and Welfare Trust will be managed by a five-member board. Two initial appointments to the board include former Tata executive S. Padmanabhan and Tata Sons' General Counsel Sidharth Sharma. The trust will begin its operations once regulatory clearances and required formalities are completed. Air India completes inspections on Boeing 787-8 fleet Fuel control switch checked, throttle control modules replaced. Separately, Air India has completed precautionary inspections on the Fuel Control Switch (FCS) mechanism of its Boeing 787-8 fleet. This move followed a directive issued by the Directorate General of Civil Aviation (DGCA) on July 14. The airline has also carried out Throttle Control Module (TCM) replacements across the fleet in line with Boeing's prescribed maintenance schedule. The FCS is an integral component of the TCM. In a communication to its pilots, the airline highlighted the need for continued vigilance, asking crew to report any issues through the Technical Log or the Coruson safety reporting tool. 'Please continue to remain vigilant and report any defect in the Technical Log, as per the existing reporting process. The Coruson tool is also available, should there be any concerns identified during operations,' the message stated. Air India acknowledged the role of its engineering and flight teams, adding: 'Once again, thank you for your professionalism and commitment to safety.'
Time of India
3 days ago
- Business
- Time of India
Air India crash relief: Tata Group launches Rs 500 crore trust for victims' families and responders, to offer long-term support and Rs 1 crore ex gratia for every life lost
Tata Sons and Tata Trusts on Friday announced the formation of a dedicated Rs 500 crore welfare trust to support victims of the Air India Flight AI-171 crash in Ahmedabad that claimed 260 lives, including 19 on the ground. In an official statement, Tata Sons and Tata Trusts said 'The Trust will provide both immediate and continuing support to the dependents/next-of-kin of the deceased, to those who were injured, and to all others who are directly or collaterally affected by the accident.' The trust, named 'The AI-171 Memorial and Welfare Trust', has been registered in Mumbai and will be managed and administered by a five-member Board of Trustees. The initial two trustees appointed are S. Padmanabhan, a former Tata veteran, and Sidharth Sharma, General Counsel at Tata Sons. Additional trustees will be appointed in due course. The group has pledged Rs 500 crore — Rs 250 crore each from Tata Sons and Tata Trusts — toward the trust's philanthropic objectives. These include an ex gratia payment of Rs 1 crore to the families of each of the deceased, full medical treatment for those with serious injuries, and aid for the rebuilding of the B J Medical College Hostel infrastructure, which was damaged in the crash. The statement also noted that the Trust would extend assistance 'for alleviation of any trauma or distress suffered by the first responders, medical and disaster relief professionals, social workers and governmental staff who provided invaluable institutional support and service in the aftermath of the accident.' The trust will begin operations after the completion of required registration and tax formalities, which are currently underway, the statement said. The Air India aircraft, flying from Ahmedabad to London, crashed shortly after takeoff on June 12, resulting in one of the country's worst aviation tragedies in recent years. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
