Who owns Air India planes? Government sold the airlines 3 years ago for Rs 18,000 crore
Air India flights was back in discussion after on June 12, a London Gatwick-bound Boeing 787-8 aircraft crashed soon after taking off from the Ahmedabad airport, killing 241 people on board, and several others on the ground as it plunged into a medical college complex.
A high-level multi-disciplinary committee, headed by the Union home secretary, will examine the causes that led to the Air India plane crash in Ahmedabad, and also suggest comprehensive guidelines to prevent such incidents in the future.
Aviation watchdog DGCA also ordered enhanced safety inspection of Air India’s Boeing 787 Dreamliner fleet powered by GEnx engines, a day after 241 people onboard died in the plane crash in Ahmedabad. The enhanced DGCA inspection will include checks of various systems and a review of take-off parameters of the Boeing 787 Dreamliner aircraft of Air India
Who is the owner of Air India?
On one hand, when there has been a big accident in the country, on the other hand, there are discussions about the owner of Air India. The owner of Air India is TATA Group. Till a few years ago, the owner of Air India was the Government of India, that is, the government used to operate Air India, but 3 years ago, Tata bought it for Rs 18000 crore.
Tata Sons has a 74.9 percent stake in the airline and the remaining 25.1 percent stake is with Singapore Airlines. Let us tell you that this airline was earlier owned by Tata under the name of Air India. Air India is the oldest and first airline company of the country, it was started in 1932 under the name of Tata Airlines.
Air India’s history with Tata?
Tata Airlines made its first scheduled flight from Karachi to Bombay on October 15, 1932, with J.R.D. Tata himself as the pilot. Tata successfully persuaded the colonial government to allow the airline to carry mail from Karachi to Bombay. This marked the beginning of Air India. Over time, Air India expanded its services to include both domestic and international passenger flights.
However, as soon as the Second World War began, all of Tata Airlines’ aircraft were confiscated by the colonial government. After the war ended in 1946, J.R.D. Tata decided to turn Tata Airlines into a public company, renaming it Air India and offering 49 percent ownership to the government.
Air India, founded in 1932, was owned by the Government of India from 1953 to 2022. After spending several years trying to sell it, the government led by Prime Minister Narendra Modi found a buyer in the Tata Group. Tata, which lost control of Air India nearly seven decades ago, regained it in 2022.
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