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Air India Limited

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Air India Limited
Company typeSubsidiary of Tata Group
IndustryAviation
Founded30 March 2007; 17 years ago (2007-03-30)
HeadquartersNew Delhi
Key people
Services
RevenueIncrease₹51,559 crore (US$6.2 billion) (FY24)[1]
Positive decrease₹−5,756 crore (US$−690 million) (FY24)[2]
OwnerTata Group
Number of employees
Increase ~18000(Sept 2024)[3]
Divisions

Air India Limited is a wholly owned subsidiary of the Tata Group. 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's 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 and Alliance Air.[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 ₹180 billion (US$2.2 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.[8][9] The remaining ₹462.62 billion (US$5.5 billion) of Air India Limited's debt was also transferred to AIAHL.[10][11]

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

Structure

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Structure before privatization

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

Current structure under TATA

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Air India Ltd.
Air IndiaAI SATS Airport Services Private Limited
Air India ExpressAIX Connect

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]

Upon completion of the remaining stake sale in AIX Connect (formerly 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. The merger between AirAsia India and Air India Express, is set to be completed by the end of 2024.

On 29 November 2022, Tata Group and Singapore Airlines announced that Vistara will be merged with Air India Limited by November 2024. Singapore Airlines will hold 25.1% of the merged entity.

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. ^ "Annual Report 2009 (English)" (PDF). Civilaviation.nic.in. Retrieved 14 October 2012.[permanent dead link]
  6. ^ "NACIL". India.gov.in. Archived from the original on 8 September 2011. Retrieved 14 October 2012.
  7. ^ "Maharaja gets back old name". The Times of India. Archived from the original on 14 February 2019. Retrieved 14 October 2012.
  8. ^ 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.
  9. ^ "Air India acquisition: What Tatas will get". The Times of India. Archived from the original on 8 October 2021. Retrieved 8 October 2021.
  10. ^ "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.
  11. ^ 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.
  12. ^ 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.
  13. ^ "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.
  14. ^ "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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