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Chennai, May 21 (). After decades of turmoil in the sector with the closure of many private companies, the Indian airlines sector is moving towards stability and a monopoly of sorts. The Tata Group, which acquired state-owned Air India, has merged two other airlines – Vistara and AirAsia.
As of now the combined market share of the three airlines is 25.1 per cent (Air India 9 per cent, Vistara 8.8 per cent and Air Asia 7.3 per cent).
After the merger and with the expansion of the fleet and the financial support of the Tata Group, if all things are on track, Air India’s market share should increase.
According to data released by India’s Ministry of Civil Aviation for the period January-March 2023, InterGlobe Aviation is the market leader with 55.7 percent market share and SpiceJet is left with 6.9 percent.
Looking at the ground situation, the Indian airlines market is dominated by two major players, InterGlobe and Air India. Others have a much smaller share.
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