Air India Plane Crash: Tata Sons Sets up ‘AI-171 Memorial and Welfare Trust’, Pledges ₹500 Crore for Victims
MUMBAI, INDIA, JUL 18 – The trust will provide Rs 1 crore ex gratia to families and fund medical treatment and infrastructure rebuilding after the crash that killed 260 people, Tata Group said.
- In Mumbai, Tata Sons and Tata Trusts set up the AI-171 Memorial and Welfare Trust, registering it in Mumbai and committing Rs 500 crore.
- On June 12, the crash of flight AI-171 enroute from Ahmedabad to London killed 260 people, including 19 on the ground.
- Committing Rs 250 crore each, the trust will offer Rs 1 crore ex gratia payments and support rebuilding the B J Medical College Hostel infrastructure.
- Trust management includes a five-member Board of Trustees, naming S Padmanabhan and Sidharth Sharma, with additional trustees to be appointed soon.
- Beyond this, the trust will provide aid and initiatives for dependents of victims, first responders, medical and disaster relief professionals.
24 Articles
24 Articles
Air India crash: Tata Group sets up Rs 500 crore trust for Ahmedabad AI-171 tragedy victims
Tata Sons, owner of Air India, on Friday announced the formation of a public charitable trust dedicated to supporting the victims of the tragic flight AI-171 crash in Ahmedabad, which claimed 260 lives on 12 June. In a statement, Tata Sons said the trust, named 'The AI-171 Memorial and Welfare Trust', will focus on offering immediate and long-term support to the families of the deceased, those injured in the accident, and others directly or indi…
Rs 500 crore Trust set up by Tata Sons for victims of AI-171 crash in Ahmedabad
Mumbai: Tata Sons on Friday, July 18, formalised and completed the registration of a public charitable Trust worth Rs 500 crore in Mumbai, dedicated to the victims of the tragic accident of Air India flight AI-171 in Ahmedabad on June 12 that killed 260 people. The Trust will be called ‘The AI-171 Memorial and Welfare Trust’, the company said in a statement, which would provide both immediate and continuing support to the dependents/next-of-kin …
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