11 Airlines Exit Indian Market in Last 10 Years: Government
New Delhi, March 23 – The government informed the Rajya Sabha on Monday that 11 airlines have exited the Indian aviation market over the past decade due to financial stress, lack of aircraft, and other internal issues.Minister of State for Civil Aviation Murlidhar Mohol stated that the aviation sector is deregulated, and airlines operate based on commercial considerations.
Since 2016, the following developments occurred:
- 11 airlines exited the market due to financial and operational challenges.
- AirAsia (India) Pvt. Ltd. (now AIX Connect Pvt. Ltd.) merged with Air India Express Ltd.
- Tata SIA Airlines Ltd. (Vistara) merged into Air India Ltd.
Outstanding Dues of Failed Airlines
Regarding outstanding dues to airports, employees, and creditors:- Kingfisher Airlines owed ₹380.51 crore to the Airports Authority of India (AAI); the claim is lodged with the official liquidator in Bengaluru. Kingfisher ceased operations in 2012.
- TruJet owes ₹0.03 crore to AAI.
- Jet Airways and Go First have no outstanding dues.
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