 Air India became the 27th member of Star Alliance on 11 July 2014 . In August 2015 , it signed an agreement with Citibank and State Bank of India to raise $ 300 million in external commercial borrowing to meet working capital requirements . For FY 2014 – 15 , its revenue , operating loss and net loss were ₹ 197 @.@ 81 billion ( US $ 2 @.@ 9 billion ) , ₹ 2 @.@ 171 billion ( US $ 32 million ) and ₹ 5 @.@ 41 billion ( US $ 80 million ) compared FY 2011 – 12 , which were ₹ 147 @.@ 13 billion ( US $ 2 @.@ 2 billion ) , ₹ 5 @.@ 138 billion ( US $ 76 million ) and ₹ 7 @.@ 55 billion ( US $ 110 million ) . As of February 2016 , Air India is the third largest carrier in India , after IndiGo and Jet Airways with a market share of 15 @.@ 4 % . 
