India is one of the fastest growing air markets in the world. After new foreign policy of investment in the air market, lots of new airlines have been started or invested in India. There are lots of private airlines increased their presence in India by ordering new fleets and destinations. We have compiled a list of the largest airlines in India according to market share.
Top 10 Largest Airlines in India
IndiGo is one of the fastest growing private airlines in India. IndiGo has a market share of more than 27 percent and ranked at the first position. The IndiGo Airlines is wholly owned by the InterGlobe Enterprises and serves in major destinations of India such as Kolkata, Chennai, Mumbai, Bangalore (Bengaluru) and New Delhi. The fleet size IndiGo Airlines is more than 22 aircraft, which served more than 5 million passengers.
2. Jet Airways and Jetlite
The Jet Airways is the second largest airline in India with a market share of 25.4 percent. It was established on 1st April, 1992 and started operations on 5th May, 1993. Chhatrapati Shivaji International Airport, Mumbai is the main hub of Jet Airways. The revenue of Jet Airways is US$2.6 billion and profit US$ -220 million as of 2012. It is also one of the largest employers in the airline sector in India with more than 13900 employees. The fleet size of Jet Airways is 100 aircraft and ordered another 86 new fleet to expand the network.
SpiceJet is another budget airline company in India with a market share of less than 20 percent. It was founded in 1993 as ModiLuft and started operations on 5th May, 1993. The SpiceJet Airlines serves in key cities of India such as Pune, Chennai, Ahmedabad, Goa and so on. Previously, it was owned by the NRI group and recently it was acquired by the media king Kalanithi Maran.
4. Air India
Air India is one of the oldest airline companies in India with presence in all the major as well as small cities of India. It was founded in July, 1930 as the Tata Airlines and started operations on 15th October, 1932. The airline was founded by one of the great industrialists JRD Tata. Air India has a market share of more than 18%. They serves major, short as well as medium level destinations in India and across the world.
GoAir is the one of the most popular budget airlines in India. GoAir is owned by the Bombay Dyeing and Britania Industries. It was founded in 2005 and started operations in November, 2005. The fleet size of the GoAir is 19 aircraft and serves in more than 20 destinations. The GoAir is headquartered in Worli, Mumbai, Maharashtra with the slogan of “Fly Smart”.
6. Air India Express
Air India Express is another Government of India enterprise under the subsidiary of Air India which is based in Mumbai, Maharashtra. It was founded in May, 2004 and started operations on 29th April, 2005. The Air India Express fleet size is 20 aircraft and serves in more than 29 destinations. The Air India Express was started to compete with other low-cost airlines in the country.
7. The National Aviation Company of India (NACIL)
NACIL is the aviation company of India, which operates India’s oldest airlines i.e. Indian Airlines, Air India and Air India Express with a market share of less than 20 percent. Due to the recent financial crisis of the company, they got a bailout package from the Government of India to continue their operations. They serve in the key cities/metro cities of India such as Mumbai, Hyderabad, Pune, Kolkata, Chennai and others.
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8. AirAsia India
AirAsia India is a new player in the aviation market of India. It was established on March 28, 2013 and the company started its operations from June 12, 2014. Kempegowda International Airport, Bengaluru is the operating base for the airline company. AirAsia India has a fleet size of three aircraft and operates at seven destinations.
9. Air Costa
Air Costa is another new player in market of India. The company has started its operations on 15 October, 2013. The Chennai International Airport is the hub of the airline. Air Cost has a fleet size of four and ordered another 50. The company operates on nine destinations across the country.
10. Vistara Airlines
Vistara is an Indian airline company, promoted by Tata Sons and Singapore Airlines. It was founded in the year 2013 and the company started its operations on January 9, 2015. Indira Gandhi International Airport, Delhi is the hub of the company. Visatara has a fleet size of six aircraft and operates on eight destinations.
Article last re-published on March 21, 2015.