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The project is financed by multiple Indian banks with a total loan amount of INR 30,000 crore along with investment from the state government and the Airports Authority of India. [2] [3] With a projected target of serving 14 million passengers and handle 0.87 million tonnes of cargo, this is one of largest aviation project in India. [3]
Air India's data processor, SITA which is a Swiss technology company known for offering passenger processing and reservation system services reported the data breach to Air India in around February 2021. [3] The data breach involved all information which was registered in the SITA data processor between 26 August 2011 and 20 February 2021.
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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Air India Express came into existence on 29 April 2005, with the launch of three flights that took off simultaneously from Thiruvananthapuram, Kochi and Kozhikode.The airline was launched as a low-cost carrier with the objective of providing convenient connectivity to short-haul international routes in the Middle East and Southeast Asia for the Indian expatriate community.
Air India also converted four of its Airbus A310s. These were deployed on the Dammam-Frankfurt route. [4] After ending international operations two were leased out to new cargo startup Aryan Cargo Express, while a third was sold to an African company. In November 2007, Air India partnered with GATI for a dedicated freighter service using the 737s.
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.
The eighteen Boeing 737s ordered were later transferred to Air India Express when Air India took delivery of the Dreamliners. [6] After the merger with Indian Airlines in 2007, Air India inducted the Airbus A321 in its fleet to operate mainly on short-haul international routes and leased the Airbus A330s to operate on medium-haul international ...