Air India Limited

Air India Limited is a private entity and is under the ownership of Tata Group, and is headquartered at the Airlines house in New Delhi.[2]

Air India Limited
TypePrivate Entity
IndustryAviation
Founded30 March 2007 (2007-03-30)
HeadquartersAirlines house, New Delhi
Key people
Natarajan Chandrasekaran (Chairman)
Services
Revenue₹142.551 billion (US$1.9 billion) (2011)[1]
OwnerTata Group
Number of employees
28,085 (2011)
Divisions
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 under the United Progressive Alliance administration to oversee the merger of Air India, Indian Airlines and Alliance Air.[3] The National Aviation Company was a government owned company that functioned under the jurisdiction of the Ministry of Civil Aviation. It was renamed as Air India Limited on 26 October 2010.[4]

Air India Limited was handed over by Ministry of Civil Aviation, Government of India to Talace Private Limited, a special purpose vehicle of Tata Sons under the tenure of National Democratic Alliance administration as a move for privatisation and monetization of ailing Public sector undertakings in India. On 8 October 2021 Tata Sons paid ₹18,000 crore (US$2.4 billion) to Government of India and Tata will also assume ₹15,300 crore (US$2.0 billion) of Air India Limited's debt as per the transfer deal.[5][6] The remaining ₹46,262 crore (US$6.1 billion) of Air India Limited's debt was also transferred to AIAHL.[7][8]

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 divisions :- (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.

One of the subsidiaries of Air India Limited is Hotel Corporation of India. Air India Express, and Alliance Air are divisions of Air India Limited.[9] In 2013, it split its engineering and cargo businesses into two separate subsidiaries, AI Engineering Services Ltd (AIESL) and AI Airport Services Limited (AIASL).[10]

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 - Times of India". 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. "PMO seeks health report from Air India : India, News - India Today". indiatoday.intoday.in. Retrieved 7 December 2015.
  10. "Companies". livemint.com. Retrieved 7 December 2015.
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