Air India Limited Explained

Air India Limited
Type:Subsidiary of Tata Group
Location:New Delhi
Industry:Aviation
Services:
Divisions:
Owner:Tata Group
Revenue: (FY23)[1]
Net Income: (FY23)[2]
Num Employees: ~16500(Sept 2023)[3]

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 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 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

Current 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]

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 2023.

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

See also

Notes and References

  1. Web site: Tata Sons Annual Report 2023. 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 2023. 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: Vistara rolls out staff tests culture survey ahead of merger with Air India. 3 September 2023. The Hindu Businessline. 30 October 2023. 3 April 2016. https://web.archive.org/web/20160403095818/http://www.straitstimes.com/singapore/new-way-to-fly. live.
  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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