Airindia

Airindia

Air India is the flag carrier airline of India. It is part of the government owned Air India Limited (AIL). The airline operates a fleet of Airbus and Boeing aircraft serving Asia, the United States, and Europe. Its corporate office is located at the Air India Building at Nariman Point in South Mumbai. The airline plans to move its corporate headquarters from Mumbai to Delhi sometime in 2013. Air India has two major domestic hubs at Indira Gandhi International Airport and Chhatrapati Shivaji International Airport. The airline formerly operated a hub at Frankfurt Airport which was terminated on account of high costs. However, another international hub is being planned at the Dubai International Airport.

From being the largest operator in the Indian subcontinent, Air India has slipped to fourth place in the Indian domestic aviation sector, behind IndiGo, Jet Airways, and Spicejet as of August 2012. Following its merger with Indian Airlines, Air India has faced multiple problems, including escalating financial losses, Between September 2007 and May 2011, Air India's domestic market share declined from 19.2% to 14%, primarily because of stiff competition from private Indian carriers. In August 2011, Air India's invitation to join Star Alliance was suspended as a result of its failure to meet the minimum standards for the membership. In October 2011, talks between the airline and Star Alliance have resumed. In April 2012, the Indian government granted another bailout package to Air India, including 300 billion (US$5.46 billion) of subsidies. In order to rise funds for reconstruction, Air India decided to sell and lease back all its dreamliners.

Read more about Airindia:  Destinations, Fleet, Awards and Recognitions, Accidents and Incidents