Aviation Air India likely to transfer B747 used for VVIP flights to Alliance Air Updated : January 18, 2020 02:17 PM IST When the government offered 74 percent stake in Air India in early 2017, these aircraft were retained in the fleet of Air India. The government plans to sell its 100 percent stake in the national carrier in the second attempt as compared to 74 percent stake on offer in the earlier attempt. As per the current FDI norms and Aircraft Act, foreign airlines are allowed to own up to 49 percent stake in Air India. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.