Thursday, October 22, 2020

author photo





Alliance Air (formerly Air India Regional), is a subsidiary of the Air India Limited. It was founded in 1996 as a subsidiary of Indian Airlines (later merged with Air India Limited in 2007) and mainly operates domestic routes as part of the government's Regional Connectivity Scheme. Currently this airline has stopped concentrating in UDAN scheme by Government of India after privatisation of its parent entity Air India Limited


Alliance Air was founded in April 1996 as a wholly-owned subsidiary of Indian Airlines (merged with Air India in 2011). The parent company wished to make better use of its Boeing 737 fleet, so it wet-leased 12 of these aircraft to Alliance Air. The subsidiary operated its first flight on 15 April 1996. Alliance Air served as a low-cost feeder airline for Indian Airlines, providing connections to the latter's hubs from various smaller cities across the country. In 2002 the airline was offering flights to 44 destinations in India utilizing a fleet of 11 Boeing 737-200s. On 1 April 1997, Vayudoot Airlines, a joint venture of Air India and Indian Airlines Merged with Alliance Air to serve the regional air routes of Northeast India and several other parts of India.



Alliance Air began operating its first scheduled international flight from Chennai to Jaffna on 11 November 2019. Alliance Air announced it had recorded an operating profit for the first in its history during the 2020-21 fiscal year. The airline made an operating profit of ₹65.09 crore (US$8.6 million), but still ended the period with a net loss of ₹201 crore (US$27 million). The airline stated that it had adopted the new IND AS 116 accounting standard, and would have actually recorded a net profit ₹37 crore (US$4.9 million) under the previous standard.


Alliance Air's parent company, Air India Limited, was sold to Tata Sons on 8 October 2021. Alliance Air was not a part of the deal, and was instead transferred to Air India Asset Holdings Pvt Ltd (AIAHL), a state-owned special purpose vehicle that holds Air India's remaining assets and liabilities. The Economic Times reported that the government also intended to sell Alliance Air and use the proceeds to pay down AIAHL's debt. Alliance Air was valued at around ₹2,000 crore (US$270 million).


Alliance Air operates to 52 destinations in India as of October 2021. It operates regional services in India through its hubs in Bengaluru, Delhi, Hyderabad, Kolkata and Mumbai. The airline started its first international flight from Chennai to Jaffna on 11 November 2019 but temporarily had to halt operations from Chennai due to the COVID-19 pandemic.



Alliance Air operates the following aircraft as of November 2021:























Complete article available at this page.

your advertise here

This post have 0 komentar


EmoticonEmoticon

Next article Next Post
Previous article Previous Post

Advertisement

Themeindie.com