▁Van illa ▁Alliance ▁was ▁formed ▁between ▁several ▁air lines ▁based ▁in ▁the ▁Indian ▁Ocean ▁region , ▁in ▁order ▁to ▁improve ▁air ▁connect ivity ▁within ▁the ▁region . ▁The ▁found ing ▁members ▁are ▁Air ▁Austral , ▁Air ▁Maur it ius , ▁Air ▁Mad agas car , ▁Air ▁Se ych elles , ▁and ▁Int ' A ir ▁Î les . ▁ ▁On ▁January ▁ 1 8 , ▁ 2 0 1 6 , ▁the ▁first ▁al liance ▁of ▁low - cost ▁carri ers ▁was ▁formed , ▁U - FL Y ▁Alliance . ▁The ▁found ing ▁members — H K ▁Express , ▁L ucky ▁Air , ▁U rum qi ▁Air , ▁and ▁West ▁Air — are ▁all ▁affili ated ▁with ▁H NA ▁Group , ▁although ▁the ▁al liance ▁is ▁also ▁seeking ▁air lines ▁not ▁within ▁the ▁group . ▁ ▁On ▁May ▁ 1 6 , ▁ 2 0 1 6 , ▁the ▁world ' s ▁largest ▁al liance ▁of ▁low - cost ▁carri ers ▁was ▁formed , ▁Value ▁Alliance . ▁The ▁found ing ▁members ▁are ▁C eb u ▁Pacific , ▁C eb go , ▁Je ju ▁Air , ▁N ok ▁Air , ▁N ok S co ot , ▁S co ot ▁Airlines , ▁T iger air , ▁T iger air ▁Australia , ▁and ▁Van illa ▁Air . ▁ ▁Current ▁al li ances ▁ ▁Star ▁Alliance ▁▁ ▁Star ▁Alliance , ▁founded ▁in ▁ 1 9 9 7 , ▁currently ▁has ▁ 2 6 ▁members : ▁ ▁Form er ▁members : ▁ ▁Star ▁Alliance ▁Connect ing ▁Part ners