As Go First Files For Bankruptcy, A Look At Airlines That Failed In India. In Pics

Seeking voluntary insolvency, Go First joins a long list of airlines that have failed due to financial troubles. Here is a look at the list.

Go First Crisis Kingfisher, Jet Airways, Air Sahara, Other Indian Airlines That Failed Here In Pics

India’s private aviation industry has always been turbulent due to high costs, low profitability, intense competition and lack of scale. Many airlines have failed and collapsed in India, including Vayudoot (1981-1997), ModiLuft (1993-1996), Damania Airways (1993-1997), NEPC Airlines (1993-1997), Jet Airways (1993-2019), Kingfisher Airlines (2005-2012), Air Deccan (2003-2007), and Paramount Airways (2005-2010). (Image Credit: Getty)

Jet Airways (1993-2019), one of India's largest airlines, started in 1993 but ceased operations in 2019 due to financial difficulties and debt crisis. It had been struggling with financial difficulties for several years, leading to the accumulation of debt that it was unable to repay. (Image Credit: Getty)

Kingfisher Airlines (2005-2012) was founded by billionaire Vijay Mallya. Due to debt and mismanagement, the airline ceased operations in 2012 and shut down in 2014 without repaying its debts. (Image Credit: Getty)

Air Deccan (2003-2007) was launched as India's first low-cost airline. Despite having a fleet of Airbus A320 and ATR aircraft and operating both domestic and international flights, it couldn't sustain the competition in the Indian aviation market. As a result, the airline was sold to Kingfisher Airlines in 2007. (Image Credit: Getty)

Air Sahara (1993-2007) was a prominent Indian airline with domestic and international routes, operating mainly Boeing 737s. Founded in 1991, it faced financial difficulties due to intense competition and was eventually sold to Jet Airways in 2007. (Image Credit: Getty)

Paramount Airways (2005-2010) operated domestic and international flights with a fleet of Embraer and Boeing 737 aircraft. Founded in 2005 and based in Chennai, the airline faced financial difficulties due to mounting debt and ceased operations in 2010. (Image Credit: Getty)

According to a PTI report, since 1994, at least 27 scheduled airlines in India have shut down or merged with other carriers due to financial difficulties and intense competition. While the domestic aviation sector is recovering from the pandemic, three airlines shut shop in 2020 and one in 2022. (Image Credit: Getty)