INDIAN GEOGRAPHY

Detailed explanation-1: -Air India is the flag carrier airline of India, headquartered in New Delhi. It is owned by Talace Private Limited, a fully owned subsidiary of Tata Sons, after Air India Limited’s former owner, the Government of India, completed the sale.

Detailed explanation-2: -Air India Limited was privatized through its sale to the Tata Group. On 8 October 2021 Tata Sons paid ₹18, 000 crore (US$2.3 billion) to Government of India and Tata will also assume ₹15, 300 crore (US$1.9 billion) of Air India Limited’s debt as per the transfer deal.

Detailed explanation-3: -Air India is a government owned body. Air India is the flag carrier airline of India, headquartered at New Delhi.

Detailed explanation-4: -Today, Indian aviation industry is dominated by private airlines and these include low cost carriers, who have made air travel affordable. The Government nationalized nine airline companies vide the Air Corporations Act, 1953.

Detailed explanation-5: -Air India Limited is a government-owned enterprise and Air India is founded on 15 October 1932 by J. R. D. Tata.