Air India Limited Explained

Air India Limited
Type:Subsidiary
Location:Vatika One On One, Gurugram, Delhi, India
Industry:Aviation
Services:
Divisions:
Owner:Tata Group (74.9%)
Singapore Airlines (25.1%)
Revenue: (FY24)[1]
Net Income: (FY24)[2]
Num Employees: ~18000(Sept 2024)[3]

Air India Limited is a subsidiary of the Tata Group (74.9%) and Singapore Airlines (25.1%). On the anniversary of the airline's founder J. R. D. Tata's birth, its new headquarters at Vatika One On One in Gurugram[4] was inaugurated. The new headquarters space will be home to all TATA Group airlines. It was headquartered at the Airlines House in New Delhi[5] prior to TATA group takeover.

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 .[6] It was renamed as Air India Limited on 26 October 2010.[7]

Air India Limited was privatized through its sale to the Tata Group. On 8 October 2021 Tata Sons paid to Government of India and Tata will also assume of Air India Limited's debt as per the transfer deal.[8] [9] The remaining of Air India Limited's debt was also transferred to AlAHL. Alliance air[10] [11]

The Tata Group requested approval from the CCI to merge AirAsia India and Vistara with Air India Limited in April 2022,[12] which was granted on 14 June 2022.[13]

Structure

Current legal structure under TATA

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.[14]

See also

Notes and References

  1. Web site: Tata Sons Annual Report 2024. Tata Sons. 11 August 2023. 10 August 2023. https://web.archive.org/web/20230810230237/https://www.tata.com/content/dam/tata/pdf/fy23/Tata-Sons-Annual-Report-FY23.pdf.pdf. live.
  2. Web site: Tata Sons Annual Report 2024. Tata Sons. 11 August 2023. 10 August 2023. https://web.archive.org/web/20230810230237/https://www.tata.com/content/dam/tata/pdf/fy23/Tata-Sons-Annual-Report-FY23.pdf.pdf. live.
  3. Web site: Vihaan.AI program on track. 21 September 2024. Financial Express.
  4. Web site: Air India corporate information . Air India . 7 September 2023 . 7 September 2023 . https://web.archive.org/web/20230907151434/https://www.airindia.com/in/en/corporate-information.html . live .
  5. Web site: Annual Report 2009 (English). Civilaviation.nic.in. 2012-10-14.
  6. Web site: NACIL . India.gov.in . 2012-10-14 . dead . https://web.archive.org/web/20110908003503/http://india.gov.in/sectors/transport/airindia.php . 8 September 2011 .
  7. News: Maharaja gets back old name. The Times of India. 2012-10-14. 14 February 2019. https://web.archive.org/web/20190214034821/https://timesofindia.indiatimes.com/business/india-business/Maharaja-gets-back-old-name-/articleshow/6812524.cms. live.
  8. Web site: Mishra . Rhik . Kundu. Asit Ranjan . After 70 yrs, the Maharaja returns home to the Tatas . mint . 10 October 2021 . en . 8 October 2021 . 10 October 2021 . https://web.archive.org/web/20211010091224/https://www.livemint.com/companies/news/air-india-returns-to-tata-group-s-fold-after-68-years-11633698649000.html . live .
  9. News: Air India acquisition: What Tatas will get . 8 October 2021 . The Times of India . en . 8 October 2021 . https://web.archive.org/web/20211008152512/http://timesofindia.indiatimes.com/business/india-business/air-india-acquisition-what-tatas-will-get/articleshow/86871669.cms . live .
  10. Web site: Another smaller government-owned airline to go under hammer . Times Now . 10 October 2021 . 10 October 2021 . en . 10 October 2021 . https://web.archive.org/web/20211010035140/https://www.timesnownews.com/business-economy/companies/article/another-smaller-government-owned-airline-to-go-under-hammer/822208 . live .
  11. News: Mishra . Mihir . After Air India, government set to sell Alliance Air under asset-disposal programme . The Economic Times . 10 October 2021 . 10 October 2021 . https://web.archive.org/web/20211010044236/https://economictimes.indiatimes.com/industry/transportation/airlines-/-aviation/after-air-india-govt-set-to-sell-alliance-air-under-asset-disposal-programme/articleshow/86905133.cms . live .
  12. News: Phadnis . Arindam Maujmder & Aneesh . 2022-04-27 . Tata Group approaches CCI for merger between Air India and AirAsia India . Business Standard . India . 2022-06-28 . 28 June 2022 . https://web.archive.org/web/20220628022100/https://www.business-standard.com/article/companies/tata-group-approaches-cci-for-merger-between-air-india-and-airasia-india-122042700273_1.html . live .
  13. News: . 2022-06-14 . CCI approves proposed acquisition of AirAsia India by Air India . Business Standard . India . 2022-06-28 . 28 June 2022 . https://web.archive.org/web/20220628022059/https://www.business-standard.com/article/companies/cci-approves-acquisition-of-airasia-india-by-air-india-122061400783_1.html . live .
  14. Web site: Alliance Air Airline Now Under Govt of India, Here is All You Need to Know About it . 16 April 2022 . 9 November 2023 . 9 November 2023 . https://web.archive.org/web/20231109044437/https://www.news18.com/news/auto/alliance-air-airline-now-under-govt-of-india-here-is-all-you-need-to-know-about-it-4994539.html . live .

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