Tata Group and Singapore Airlines Now Own Air India Limited
Topic | Details |
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Current Owner of Air India | Tata Group owns 74.9% of Air India Limited. Singapore Airlines holds 25.1%. |
Formation and Rebranding | Established as National Aviation Company of India Limited in 2007. Renamed Air India Limited in 2010. |
Previous Ownership | Government of India controlled Air India under the Ministry of Civil Aviation until 2022. |
Acquisition by Tata Group | Tata Group acquired Air India in 2021 for Rs.180 billion (∼US$2.44 billion) and assumed Rs.153 billion (∼US$2.07 billion) of its debt. |
Mergers Post-Takeover | Tata Group planned to merge AirAsia India and Vistara with Air India. Competition Commission of India (CCI) approved the merger in June 2022. |
Singapore Airlines' Stake | After the merger, Singapore Airlines secured a 25.1% stake in Air India Limited in 2024. |