Its ownership is divided between Tata Group (74.9%) and Singapore Airlines (25.1%).

On the anniversary of the airline's founder J. R. D. Tata's birth, its headquarters is in Gurugram[4] was inaugurated.

It was previously a central public sector undertaking under the ownership of Ministry of Civil Aviation.

[6] Air India Limited was privatized through its sale to the Tata Group.

[9][10] The Tata Group requested approval from the CCI to merge AirAsia India and Vistara with Air India Limited in April 2022,[11] which was granted on 14 June 2022.