Air India was bought by Tata for Rs 18,000 crore.

• Tata Sons, which founded Air India Ltd. with a name of its own in 1932, offered 18,000 crore ($2.4 billion) as an enterprise value for Air India.
• Tata Sons Pvt. was chosen as the winning bidder for India's flag carrier, putting an end to decades of attempts to privatise a losing and indebted airline, as well as potentially ending years of taxpayer bailouts that have kept the company afloat.
• Air India was founded in the 1930s by legendary industrialist and philanthropist JRD Tata, India's first licenced pilot. The airline initially flew mail between Karachi in then-undivided, British-ruled India and Bombay, now known as Mumbai.

Important Facts 

About Air India 

• Old Name: Tata Airlines
• Air India Mascot: Maharajah (Emperor)  
• Logo: Flying swan with the wheel of Konark inside it.