law: The Air Corporations (Transfer of Undertakings and Repeal) Act, 1994
  3. Undertakings of corporations to vest in companies.-
  On such date as the Central Government may, by notification in the Official Gazette, appoint, there shall be transferred to, and vest in,-
  (a) Indian Airlines Limited, the undertaking of Indian Airlines; and
  (b) Air India Limited, the undertaking of Air India.