- Air India was founded in 1932 as Tata Airlines and became a public company called Air India in 1946. It was nationalized in 1953. - Air India is now facing a major financial crisis with annual losses of Rs. 5000 crore and total accumulated debt of Rs. 42,570 crore as of March 2011. - The crisis is blamed on factors like interest payments on debt, high operating costs, an ill-advised decision to purchase 111 new planes, poor management, lack of accountability, and strikes.

3. Company Perspectives Air-India is India's finest flying Ambassador. The do to excel and the enthusiasm which characterized Air-India's first flight way back on October 15, 1932 is quintessential even today--thanks to eighteen thousand Air Indians who have kept alive the tradition of flying high!

4. HISTORY OF AIR INDIA In 1932, Air India began its journey under the aegis of Tata Airlines, a division of Tata Sons Ltd. (now Tata Group). Following World War II in 1946, regular commercial service was restored in India and Tata Airlines became a public limited company under the name of Air India. Under the Air Corporations Act of 1953, the Government nationalised the air transportation industry and Air India International Limited was born. In 1960, Air India flew its first international flight to New York via London. In 1962, Air India became the world's first all-jet airline and its name was officially truncated to Air India

5. Company Perspectives Air-India is India's finest flying Ambassador. The do to excel and the enthusiasm which characterized Air-India's first flight way back on October 15, 1932 is quintessential even today--thanks to eighteen thousand Air Indians who have kept alive the tradition of flying high!

6. In 2007, India and Indian Airlines merged into one airline, with its name remaining Air India. Air India is now a part of Star Alliance and is supposed to be joined by Alliance Air and Air India Express soon.

7. REASON FOR AIR INDIA CRISIS

10. It compensation Rs. 1400 cr to state own airport operator.

12. As of March 2011, Air India has accumulated a debt of Rs. 42,570 cr and an operating loss of Rs. 22,000 cr, and is seeking Rs. 42,920 cr from the government. For the past three months (June, July, August, 2011), the carrier has been missing salary payments and interest payments

14. Complete lack of ownership

15. Lake of responsibility for results and failures.

19. Medium term strategy would be in International , National and Cargo service with an comprehensive analysis of segmentation of market to be executed in 6 to 12 months

20. Long term strategy would be online of global perspective to the aviation business and developing further future strategy to be considered for 12 months and beyond periods.