Air India Limited

Air India Limited is a private entity and is under the ownership of Tata Group, and is headquartered at the Air India Building in Nariman Point, Mumbai.[4]

Air India Limited
TypePrivate Entity
IndustryAviation
Founded30 March 2007 (2007-03-30)
HeadquartersAir India Building, Mumbai
Key people
Rajiv Bansal (Chairman & MD)[1]
Services
Revenue₹142.551 billion (US$1.9 billion) (2011)[2]
OwnerTata Group
Number of employees
28,085 (2011)
Divisions
Subsidiaries
Websitewww.airindia.com

The government-owned-air-carrier was previously under the ownership of Ministry of Civil Aviation, Government of India. It was incorporated on 30 March 2007 as the National Aviation Company of India Limited by the Ministry of Civil Aviation, Government of India to oversee the merger of Air India, Indian Airlines and Alliance Air.[5] The National Aviation Company was a government-owned-air-carrier that functioned under the jurisdiction of the Ministry of Civil Aviation. It was renamed as Air India Limited on 26 October 2010.[6] Air India Limited was sold by Ministry of Civil Aviation, Government of India to Tata Sons under the rulership tenure of Narendra Modi-Bharatiya Janta Party-National Democratic Alliance-led-government as a move to initiate mass privatisation of government-owned-establishments in India. Air India Limited was sold to Talace Private Limited, a special purpose vehicle owned by Tata Sons, on 8 October 2021 for ₹18,000 crore (US$2.4 billion). Tata will also assume ₹15,300 crore (US$2.0 billion) of Air India Limited's debt.[7][8] The remaining ₹46,262 crore (US$6.1 billion) of Air India Limited's debt was also transferred to AIAHL.[9][10]

Structure

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

Current
Air India Ltd
Air IndiaHotel Corporation of India LimitedAI Engineering Services LtdAI SATS Airport Services Limited
Air India ExpressAlliance Air

Upon completion of the merger on 26 February 2011 there is now one primary airline, Air India, with two subsidiary (Alliance Air and Air India Express) carriers providing regional and low-cost point-to-point services. AIL carriers connect 93 destinations (60 domestic and 33 international) in 24 countries as of February 2011.

Additional subsidiaries are Hotel Corporation of India Limited, Air India Charters Limited, and Airline Allied Services Limited.[11] In 2013, it split its engineering and cargo businesses into two separate subsidiaries, AI Engineering Services Ltd (AIESL) and AI Airport Services Limited (AIASL).[12]

References
  1. "Board of Directors". Air India. Retrieved 12 October 2021.
  2. "Profit & Loss Account for the year ended 31 March 2011" (PDF). Archived from the original (PDF) on 5 April 2020. Retrieved 27 December 2012.
  3. "AIL Annual Report" (PDF). Civilavaiation.nic.in. Retrieved 14 October 2012.
  4. "Annual Report 2009 (English)" (PDF). Civilaviation.nic.in. Retrieved 14 October 2012.
  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. Retrieved 14 October 2012.
  7. Mishra, Rhik Kundu,Asit Ranjan (8 October 2021). "After 70 yrs, the Maharaja returns home to the Tatas". mint. Retrieved 10 October 2021.
  8. "Air India acquisition: What Tatas will get - Times of India". The Times of India. Retrieved 8 October 2021.
  9. "Another smaller government-owned airline to go under hammer". Times Now. Retrieved 10 October 2021.
  10. Mishra, Mihir. "After Air India, government set to sell Alliance Air under asset-disposal programme". The Economic Times. Retrieved 10 October 2021.
  11. "PMO seeks health report from Air India : India, News - India Today". indiatoday.intoday.in. Retrieved 7 December 2015.
  12. "Companies". livemint.com. Retrieved 7 December 2015.
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