Ratan Tata's predecessor was India's first qualified pilot, and Tata's first airline was later nationalised as state carrier Air India. Ratan Tata, insiders said, fulfilled a long-held dream when he pulled the group back into the aviation sector in 2013. "Tata Sons took a considered view that it makes business sense to take part in India's civil aviation industry," a spokesman for Tata Sons said. Mistry's blistering letter portrayed Ratan Tata, 78, as a man who cast aside his advice and bulldozed through major decisions. "For Ratan Tata, it's an emotional issue," said Harsh Vardhan, head of Starair Consulting.

Source: The Edge Markets October 28, 2016 14:23 UTC