For N. Chandrasekaran, the buyout of Air India must rank as one of the high points in his tenure as Tata Sons' Chairman. Buying government-owned firms is not new for the group. But Air India is special since it was owned by the Tatas before the government took charge nearly 70 years ago. The task on hand is to turn around an airline that is deep in the red. For Chandrasekaran, this will be his sternest test to date.
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