Update date: October 9, 2021
On March 8, 1948, Air-India was legally incorporated with 49% of the financial participation in the Government of India.
Tata Sons will once again take control of Air India as it takes over 100 percent of the state stock in the national treasury.
October 15, 1932: Tata Airlines launch service operates on the Karachi-Ahmedabad-Bombay route on a Havilland Puss Moth aircraft operated by JRD Tata.
August 1946: Tata Airlines is transformed into a public company under the name Air-India.
August 1947: India gains independence from British rule.
March 8, 1948: Air-India International is officially associated with 49% of monetary participation in the Government of India.
March 1953: Parliament passes the Air Corporations Act, which combines all scheduled airlines into two companies: Indian Airlines and Air-India International. With this, the government owns a majority stake in these two companies.
August 1, 1953: Indian Airlines takes over domestic business Air-India.
April 19, 1960: Air-India International enters the aircraft age with Boeing 707 aircraft to be operational.
January 1, 1978: Air India Boing 747 crashes off the coast of Bombay killing 213 people on board.
February 1, 1978: Morarji Desai government removes Chairman JRD Tata from Air India and Indian Airlines boards.
April 1980: Indira Gandhi government returns JRD Tata to the board of both airlines but not as Chairman.
1986: JRD Tata stepped down from board, his successor at Tata Sons Ratan Tata was elected Chairman of Air India by Rajiv Gandhi's government.
1989: Ratan Tata steps down as Chairman of Air India.
2001: Tata Sons has teamed up with Singapore Airlines to secure a 40% stake in Air India, in the government's first attempt to land a number of airlines but Singapore Airlines withdrew from the bid.
May 2004: Air India launches low-cost airline Air India Express.
2006: Air India places orders for 68 airlines.
2007: Manmohan Singh's government merges Air India with Indian Airlines.
2012: Government approves Air India's transformation plan and financial restructuring plan. So far, the airline has accumulated Rs 43,000 crore in debt and losses of Rs 20,000 million.
2018: Narendra Modi government launches new investment initiative to sell 76% shares in Air India. No single bid was found.
January 2020: Government makes another attempt to re-launch Air India, this time 100% of it.
September 2021: Tata Sons promoter and SpiceJet promoter Ajay Singh filed an Air India financial bid.
October 8, 2021: Government announces that Tata Sons will soon acquire Air India.
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Regards,
@Winy
Air india has lot of loan that is why they gave it to tata
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hey @alexcarlos, Yeah Air India is making huge losses that's why they sold to Tata group.
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