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India Has 16 Active Airlines Now, 7 Carriers Closed Down In 5 Years: Govt In Lok Sabha

Jet Airways, which was issued an Air Operator Certificate (AOC) on February 13, 2022, stopped flying on April 17, 2019, due to a financial crunch.

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In three decades, one domestic airline on average went belly up every year

In three decades, one domestic airline on average went belly up every year
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Go First Insolvency: 10 Discontinued Airlines Of India From Past Decade - Jet Airways, Kingfisher And More

Go First Bankruptcy: As per a report, since 1994, at least 27 scheduled carriers have either been shuttered or have been acquired or merged with other carriers.

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Go First financial crisis: List of airlines in India that have shut down

Ever since the country’s skies were opened to private Indian airlines, in a little less than three decades from 1994, at least 27 scheduled airlines have gone out of business or merged with another airline or was acquired.

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In 3 Decades, One Domestic Airline On Average Went Belly Up Every Year

One scheduled airline on an average has gone out of business every year since private airlines took to the skies nearly three decades ago, with Wadia group-owned Go First being the latest carrier battling financial turbulence for survival.

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