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The correct answer is option 3 - Both 1 and 2. Let`s analyze each statement:
Statement 1: Established in the year 1997, it is the leading global airline network with the highest number of member airlines, daily flights, destinations, and countries flown to.
This statement is correct. The Star Alliance Network was indeed established in 1997, and it is currently the largest and most prominent global airline network. It comprises a large number of member airlines and offers a vast network of daily flights, destinations, and countries served.
Statement 2: Air India has recently joined the Star Alliance in a bid to garner more revenue.
This statement is also correct. Air India, the national carrier of India, joined the Star Alliance Network in 2014. The decision to join the alliance was driven by Air India`s goal to increase its revenue through partnerships and cooperation with other member airlines.
Therefore, both statements 1 and 2 are correct. The Star Alliance Network is the leading global airline network established in 1997, and Air India did join the alliance to boost its revenue.