Alliance Air (formerly Air India Regional), presently owned by the Government of India (GoI) as the Designated Indian Flag Carrier, mainly operates domestic routes as part of the government's Regional Connectivity Scheme (UDAN). It is presently a wholly-owned subsidiary of Air India Asset Holdings Limited, a special purpose vehicle formed by the GoI to retain the ownership of the Alliance Air after its parent company Air India was sold to Tata Sons in 2021.