After Air India, government set to sell Alliance Air under asset-disposal programme - Business News: Latest News & Videos about market and economy | Trendmergers

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After Air India, government set to sell Alliance Air under asset-disposal programme

Alliance Air was a fully-owned regional subsidiary of Air India, which was carved out from the national carrier after the government decided to divest stake in it. Alliance Air operates a fleet of 19 ATR planes that connect 48 destinations and made an operating profit of ₹65.09 crore in FY20 and a net loss of ₹201 crore during the period.

from Industry-Economic Times
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