According to government data, seven airlines have closed down in India in the past five years. These airlines are:
- Heritage Aviation (2022)
- Turbo Megha Airways (2022)
- Zexus Air Services (2020)
- Deccan Charters (2020)
- Air Odisha Aviation (2020)
- Jet Airways (2019)
- Jet Lite (2019)
The reasons for the closure of these airlines vary. Some airlines were unable to raise the necessary capital to operate, while others were unable to compete with the larger, more established airlines. In the case of Jet Airways, the airline was forced to shut down due to financial difficulties.
The closure of these airlines has had a number of implications for the Indian aviation industry. The number of airlines operating in India has decreased, which has led to reduced competition in the market. This has resulted in higher fares for consumers. Additionally, the closure of these airlines has led to job losses for employees in the aviation industry.
The closure of airlines is a complex issue with a number of factors that can contribute to it. It is important to be aware of these factors in order to understand why airlines close down and what the implications of their closure are for consumers.
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