8 Airlines in India That Closed Due to Financial Turbulence

May 02, 2023, 19:21 IST

Wion Web Desk

Kingfisher Airlines

Kingfisher Airlines (KFA), which once had the second-greatest market share in Indian aviation, stopped operations in 2012. It came to a halt as losses and debt piled up.

Jet Airways

After experiencing severe financial difficulties, Jet Airways suspended operations in April 2019. Jet Airways was once India's second-largest commercial passenger airline, with a 17.8% market share.

Air Carnival

Air Carnival began with charter flights in 2013 and expanded to passenger operations in July 2016. The airline halted operations in April 2017 when its engineers went on strike for two days over unpaid dues resulting in the grounding of its lone aircraft.

Air Costa

The airline was based out of Chennai International Airport, and it serviced nine destinations from there with 32 daily flights in 2015. LEPL Group's small airline, Air Costa, halted operations in February 2017. The corporation also stated reasons linked to financial challenges with aircraft leasing.

Vayudoot Airlines

The airline began operations in October 2005, with the firm based in Madurai. It ran scheduled flights for business travellers until it ran out of business in 2010.

MDLR Airlines

MDLR Airlines was an Indian airline located in Gurugram, Haryana, that provided scheduled domestic services until it ceased operations on November 5, 2009.

Sahara Airlines

Because of the uncertainties surrounding the Sahara Airline's destiny, its domestic Indian air transport market share fell from around 11% in January 2006 to an estimated 8.5% in April 2007. Sahara Airlines started in 1991 but ceased operations in 2012.

Paramount Airways

The airline began operations in October 2005, with the firm based in Madurai. It ran scheduled flights for business travellers until it ran out of business in 2010.

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