The Air Corporation Act 1953, 27 of 1953, (Rep., Act 13 of 1994) · III — FINANCE, ACCOUNTS AND AUDIT

Section 1. Vesting of properties in the Corporations

Repealed or not in force · As amended up to 2026-08

11. Vesting of properties in the Corporations.—All properties, assets and funds owned or required by the Central Government for the purpose of Indian Airlines or, as the case may be, Air India International before the establishment of those Corporations shall, on such establishment, vest in the Corporation concerned.

Source: India Code