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Air India Limited

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Air India Limited
Company typeSubsidiary
IndustryAviation
Founded30 March 2007; 17 years ago (2007-03-30)
HeadquartersGurugram, Haryana, India
Key people
Services
RevenueIncrease₹51,559 crore (US$6.0 billion) (FY24)[1]
Positive decrease₹−5,756 crore (US$−670 million) (FY24)[2]
OwnerTata Group (74.9%)
Singapore Airlines (25.1%)
Number of employees
Increase ~18000(Sept 2024)[3]
Divisions

Air India Limited is an Indian aviation holding company notably consisting of Air India and Air India Express headquartered in Gurugram, India. Its ownership is divided between Tata Group (74.9%) and Singapore Airlines (25.1%). On the anniversary of the airline's founder J. R. D. Tata's birth, its headquarters is in Gurugram[4] was inaugurated.

It was previously a central public sector undertaking under the ownership of Ministry of Civil Aviation. It was incorporated on 30 March 2007 as the National Aviation Company of India Limited to oversee the merger of Air India, Indian Airlines .[5] It was renamed as Air India Limited on 26 October 2010.[6]

Air India Limited was privatized through its sale to the Tata Group. On 8 October 2021 Tata Sons paid ₹180 billion (US$2.1 billion) to Government of India and Tata will also assume ₹153 billion (US$1.8 billion) of Air India Limited's debt as per the transfer deal.[7][8] The remaining ₹462.62 billion (US$5.4 billion) of Air India Limited's debt was also transferred to AlAHL. Alliance air[9][10]

The Tata Group requested approval from the CCI to merge AirAsia India and Vistara with Air India Limited in April 2022,[11] which was granted on 14 June 2022.[12]

Structure

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Air India Limited
Air India Express LimitedAI SATS Airport Services Private Limited

On 15 April 2022, Alliance Air was no longer a subsidiary of Air India Limited. Alliance Air is now the only airline under the control of the Government of India.[13]

See also

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References

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  1. ^ "Tata Sons Annual Report 2024" (PDF). Tata Sons. Archived (PDF) from the original on 10 August 2023. Retrieved 11 August 2023.
  2. ^ "Tata Sons Annual Report 2024" (PDF). Tata Sons. Archived (PDF) from the original on 10 August 2023. Retrieved 11 August 2023.
  3. ^ "Vihaan.AI program on track". Financial Express. 21 September 2024.
  4. ^ "Air India corporate information". Air India. Archived from the original on 7 September 2023. Retrieved 7 September 2023.
  5. ^ "NACIL". India.gov.in. Archived from the original on 8 September 2011. Retrieved 14 October 2012.
  6. ^ "Maharaja gets back old name". The Times of India. Archived from the original on 14 February 2019. Retrieved 14 October 2012.
  7. ^ Mishra, Asit Ranjan; Kundu, Rhik (8 October 2021). "After 70 yrs, the Maharaja returns home to the Tatas". mint. Archived from the original on 10 October 2021. Retrieved 10 October 2021.
  8. ^ "Air India acquisition: What Tatas will get". The Times of India. Archived from the original on 8 October 2021. Retrieved 8 October 2021.
  9. ^ "Another smaller government-owned airline to go under hammer". Times Now. 10 October 2021. Archived from the original on 10 October 2021. Retrieved 10 October 2021.
  10. ^ Mishra, Mihir. "After Air India, government set to sell Alliance Air under asset-disposal programme". The Economic Times. Archived from the original on 10 October 2021. Retrieved 10 October 2021.
  11. ^ Phadnis, Arindam Maujmder & Aneesh (27 April 2022). "Tata Group approaches CCI for merger between Air India and AirAsia India". Business Standard. India. Archived from the original on 28 June 2022. Retrieved 28 June 2022.
  12. ^ "CCI approves proposed acquisition of AirAsia India by Air India". Business Standard. India. 14 June 2022. Archived from the original on 28 June 2022. Retrieved 28 June 2022.
  13. ^ "Alliance Air Airline Now Under Govt of India, Here is All You Need to Know About it". 16 April 2022. Archived from the original on 9 November 2023. Retrieved 9 November 2023.
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