Historically, Alliance Air was established as a wholly owned subsidiary of Indian Airlines to operate on regional routes. While the aviation landscape has changed significantly since then (Indian Airlines merged into Air India, which is now privatized, and Alliance Air remains a government-owned entity under AI Asset Holding Limited), this statement was correct during the operational period of Indian Airlines as a separate entity.
Which one of the following statements correct?
Asked in UPPCS Prelims 2003 · Topic: The Governance System (Government Policies and Interventions for Development)
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Answer: A. Alliance Air is a wholly owned subsidiary of Indian Airlines
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