Air India Limited

Air India Limited is a wholly owned subsidiary of the Tata Group. It is headquartered at the Airlines House in New Delhi.[2]

Air India Limited
TypeSubsidiary of Tata Group
IndustryAviation
Founded30 March 2007 (2007-03-30)
HeadquartersNew Delhi
Key people
Services
Revenue₹142.551 billion (US$1.8 billion) (2011)[1]
OwnerTata Group
Number of employees
28,085 (2011)
Divisions
Websitewww.airindia.com

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 and Alliance Air.[3] It was renamed as Air India Limited on 26 October 2010.[4]

Air India Limited was privatized through its sale to the Tata Group. On 8 October 2021 Tata Sons paid ₹18,000 crore (US$2.3 billion) to Government of India and Tata will also assume ₹15,300 crore (US$1.9 billion) of Air India Limited's debt as per the transfer deal.[5][6] The remaining ₹46,262 crore (US$5.8 billion) of Air India Limited's debt was also transferred to AIAHL.[7][8]

The Tata Group requested approval from the CCI to merge AirAsia India with Air India Limited in April 2022,[9] which was granted on 14 June 2022.[10]

Structure

Previous
National Aviation Company of India Ltd.
Air IndiaIndian Airlines
Air India ExpressAir India CargoAir India Charters LimitedAir India Air Transport ServicesAlliance Air

Current
Air India Ltd.
Air IndiaAI SATS Airport Services Limited
Air India ExpressAirAsia India

Upon completion of remaining stake sale in AirAsia India by AirAsia Bhd on 2 November 2022 there is now one primary airline, Air India, with two divisions (AirAsia India and Air India Express) carriers providing low-cost point-to-point services.

On 29 November 2022 Tata Group and Singapore Airlines announced that Vistara will be merged with Air India limited by Mar 2024. Singapore Airlines will hold 25.1% in merged entity.

References
  1. "Profit & Loss Account for the year ended 31 March 2011" (PDF). Archived from the original (PDF) on 5 April 2020. Retrieved 27 December 2012.
  2. "Annual Report 2009 (English)" (PDF). Civilaviation.nic.in. Retrieved 14 October 2012.
  3. "NACIL". India.gov.in. Archived from the original on 8 September 2011. Retrieved 14 October 2012.
  4. "Maharaja gets back old name". The Times of India. Retrieved 14 October 2012.
  5. Mishra, Rhik Kundu,Asit Ranjan (8 October 2021). "After 70 yrs, the Maharaja returns home to the Tatas". mint. Retrieved 10 October 2021.
  6. "Air India acquisition: What Tatas will get". The Times of India. Retrieved 8 October 2021.
  7. "Another smaller government-owned airline to go under hammer". Times Now. Retrieved 10 October 2021.
  8. Mishra, Mihir. "After Air India, government set to sell Alliance Air under asset-disposal programme". The Economic Times. Retrieved 10 October 2021.
  9. Phadnis, Arindam Maujmder & Aneesh (27 April 2022). "Tata Group approaches CCI for merger between Air India and AirAsia India". Business Standard. India. Retrieved 28 June 2022.
  10. "CCI approves proposed acquisition of AirAsia India by Air India". Business Standard. India. 14 June 2022. Retrieved 28 June 2022.
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