<P> Also during 1993 another Government established regional feeder airline called Vayudoot was merged with Indian Airlines but still operated as a standalone division until 1997 after which its entire flight operations were transferred to Indian Airlines and its employees absorbed into Indian Airlines and Air India . </P> <P> Since 2003 with the entry of several low - cost airlines in India, such as Air Deccan, SpiceJet, IndiGo, GoAir and others like Kingfisher Airlines along with its low cost arm Kingfisher Red continued to give competition in its market, forcing Indian to cut down air - fares . However, as of 2006, Indian Airlines was still a profit making airline; in fact during 2004 - 2005 it made a record profit of Rs656. 1 million . Indian Airlines Limited was partly owned by the Government of India (51% of share capital) through a holding company and has 19,300 employees as of March 2007 . Its annual turn - over, together with that of its subsidiary Alliance Air, was well over 40 billions (around US $1 billion). Together with its subsidiary, Alliance Air, Indian Airlines carried a total of over 7.5 million passengers annually . </P> <P> On 26 February 2011, Indian airlines ceased operating under its own brand and codes with the merger with Air India being complete . </P> <P> Indian had codeshare agreements with the following airlines: </P>

When was air india and indian airlines merged