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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.
This article lists airline mergers and acquisitions, with a brief history of each: Air India. 2007 - Merged with Indian Airlines. [1] Kept Air India name. 2022 - Acquires Vistara; Air Berlin. 2006 - Acquired dba; 2007 - Acquired LTU International; 2009 - Acquired LGW; 2009 - Acquired Belair; 2011 - Acquired flyNiki; 2017 - Filed for insolvency ...
Air India became the first Asian airline to operate freighters when Air India Cargo was set up in 1954 and started its freighter operations with a Douglas DC-3 aircraft. [16] Air India Cargo ended freighter aircraft operations in early 2012. [124] Alliance Air was a wholly owned subsidiary of Indian Airlines established on 1 April 1996.
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December 2014 – Energy Products Limited, India; June 2016 – Welspun Renewables Energy, India; May 2018 – Bhushan Steel Limited, India; February 2021 – BigBasket (68%) by Tata Digital; June 2021 – 1mg (55%) by Tata Digital; October 2021 – Air India, Air India Express and 50% stake in Air India SATS for ₹ 18,000 crore (US$2.1 billion).
The aircraft of AIX Connect were transferred to Air India Express Air Operator Certificate (AOC). In October 2023, VT-ATD, an Airbus A320neo became the first to transfer into the Air India Express fleet after completing the DGCA’s CAP3100 process. [49] On 1 October 2024, the merger of AIX Connect and Air India Express was declared to be ...
Alliance Air's parent company, Air India Limited, was sold to Tata Sons on 8 October 2021. [13] [14] However, Alliance Air was not a part of the deal, and was instead transferred to Air India Asset Holdings Limited, a state-owned special purpose vehicle that holds Air India's remaining assets and liabilities.
As part of the merger process, a new company called the National Aviation Company of India Limited (now called Air India Limited) was established, into which both Air India (along with Air India Express) and Indian (along with Alliance Air) would be merged. Once the merger was completed on 26 February 2011, the airline – called Air India ...