Air India Limited
Airline holding company of Air India From Wikipedia, the free encyclopedia
Air India Limited is an Indian aviation holding company notably consisting of Air India and Air India Express headquartered in Gurugram, India. Its ownership is divided between Tata Group (74.9%) and Singapore Airlines (25.1%). On the anniversary of the airline's founder J. R. D. Tata's birth, its headquarters in Gurugram[4] was inaugurated.
 | |
| Company type | Subsidiary |
|---|---|
| Industry | Aviation |
| Founded | 30 March 2007 |
| Headquarters | Gurugram, Haryana, India |
Key people |
|
| Services | |
| Revenue | ₹51,559 crore (US$6.0 billion) (FY24)[1] |
| ₹−5,756 crore (US$−670 million) (FY24)[2] | |
| Owner | Tata Group (74.9%) Singapore Airlines (25.1%) |
Number of employees | ~18000(Sept 2024)[3] |
| Divisions |
|
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 .[5] It was renamed as Air India Limited on 26 October 2010.[6]
Air India Limited was privatized through its sale to the Tata Group. On 8 October 2021 Tata Sons paid ₹180 billion (US$2.1 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.[7][8] The remaining ₹462.62 billion (US$5.4 billion) of Air India Limited's debt was also transferred to AlAHL.[9][10]
The Tata Group requested approval from the CCI to merge AirAsia India and Vistara with Air India Limited in April 2022,[11] which was granted on 14 June 2022.[12]
Structure
Current legal structure under TATA
| Air India Limited | |||||||||||||||||
| Air India Express Limited | AI SATS Airport Services Private Limited | ||||||||||||||||
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.[13]
See also
References
External links
Wikiwand - on
Seamless Wikipedia browsing. On steroids.