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United News of India
4 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
Time of India
4 days ago
- Business
- Time of India
Tata Sons sets up Rs 500 crore trust for victims' families
File photo MUMBAI: Tata Sons has formed a Rs 500 crore public charitable trust to aid families impacted by the Air India 171 crash in Ahmedabad. It will contribute Rs 250 crore to the AI-171 Memorial and Welfare Trust, while its primary shareholder, Tata Trusts, will match this with Rs 250 crore. This is one of the largest relief efforts by the House of Tatas. In 2020, the Tatas contributed Rs 1,500 crore for Covid-19 relief, with Tata Trusts providing Rs 500 crore. In 2008, Indian Hotels (Taj chain) had established a trust to support affected victims and families of the 26/11 Mumbai terror attacks. The AI-171 Trust, registered in Mumbai, will be administered by five trustees including Tata Chemicals chairman S Padmanabhan and Tata Sons' general counsel Sidharth Sharma. Three additional trustees remain to be appointed. However, none of the Tata Trusts trustees will be part of the AI-171 Trust board. The airplane crash on June 12 claimed over 250 lives. Tata Sons promptly announced Rs 1 crore compensation for each deceased victim's family. This amount will be disbursed through the AI-171 Trust. The Trust will also cover medical treatment for the injured and reconstruction costs for the BJ Medical College hostel. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Times of Oman
4 days ago
- Business
- Times of Oman
Tata Sons completes registration of public charitable fund dedicated to victims of AI 171 crash
Mumbai: Tata Sons on Friday formalised and completed the registration of a public charitable trust in Mumbai. The Trust will be called 'The AI-171 Memorial and Welfare Trust', dedicated to the victims of the unfortunate accident of Air India flight AI-171 in Ahmedabad. The Trust will provide both immediate and continuing support to the dependents or 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 the 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. 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 for those deceased, medical treatment of those who suffered serious injuries, and support for rebuilding the BJ. 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. Earlier, the Air Line Pilots' Association (ALPA) India strongly appealed to media organisations to avoid speculative and unsubstantiated reporting surrounding the recent crash of Air India Flight AI 171, particularly reports involving sensitive issues such as mental health or unverified claims of crew negligence. ALPA India urged the media to refrain from spreading unverified theories about the Air India Flight 171 crash, especially on sensitive matters. ALPA India said, "We at ALPA India make a sincere and urgent appeal to all media outlets and journalists to refrain from spreading unverified and speculative theories regarding the tragic crash of AI 171, especially those involving sensitive matters such as mental health, suicide, or assigning blame to the flight crew without factual or investigative substantiation."
Mint
4 days ago
- Business
- Mint
Air India Plane Crash: Tata Sons sets up ‘AI-171 Memorial and Welfare Trust', pledges ₹500 crore for victims
Tata Sons established the AI-171 Memorial and Welfare Trust in Mumbai, dedicated to supporting victims of the tragic Air India flight crash. The Trust will aid dependents and first responders of the incident, with Tata Sons and Tata Trusts pledging ₹ 500 crores for medical treatment and infrastructure rebuilding. 'Tata Sons today formalised and completed the registration of a public charitable trust in Mumbai. The Trust will be called 'The AI-171 Memorial and Welfare Trust', dedicated to the victims of the unfortunate accident of Air India flight AI-171 in Ahmedabad,' the company said in a statement. The newly formed trust aims to support the dependents and relatives of the deceased, injured individuals, and others who are 'directly or collaterally' impacted by the accident. Additionally, the trust aims to provide aid and assistance to alleviate any distress experienced by first responders, medical and disaster relief professionals, social workers, and government staff who offered services following the accident. The Trust will be administered and managed by a 5-member Board of Trustees. The first two trustees appointed are S Padmanabhan, a former Tata veteran, and Sidharth Sharma, Tata Sons' General Counsel. The other two members will be appointed later, the company informed. Out of the total ₹ 500 crore pledged for the Air India crash victims, Tata Sons and Tata Trusts will contribute ₹ 250 crores. These funds will be aimed towards the philanthropic objectives of the Trust, including an ex gratia payment of ₹ 1 crore that will be provided to the families of the deceased, medical treatment for those with serious injuries, and support for rebuilding the damaged B J Medical College Hostel infrastructure. On Thursday, June 12, 2025, a Tata Group-run Air India plane, carrying 242 people, crashed shortly after takeoff in the Meghani Nagar area of Ahmedabad at around 1:40 pm, killing 241 people on board.
Time of India
4 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.'
