The reason behind the debt ridden 5 airline companies that were shut down in 7 years

Dayadra Mandal,Kolkata;

All airline airlines of Jet Airways, which are going through the financial crisis, have been temporarily closed. Seeing the downside of Jet Airways, everyone is missing the airline Kingfisher of Vijay Mal…

Dayadra Mandal,Kolkata;

All airline airlines of Jet Airways, which are going through the financial crisis, have been temporarily closed. Seeing the downside of Jet Airways, everyone is missing the airline Kingfisher of Vijay Mallya.

In fact, in October 2012, the debt-ridden Kingfisher had stopped the airline in October 2012. Now it is being said that the Jet Airways situation is going to be like Kingfisher. Apart from Kingfisher, in the last seven years, four airline companies of the country have settled their business. That is, in just seven seven years, a total of 5 airlines have been closed. Over the past two decades, more than 10 airline companies have been closed. Today, we will give you information about the five airlines that were closed in the last seven years in the report.

Kingfisher

Vijay Mallya's Kingfisher concerted his business in 2012. Kingfisher, which started nearly 10 years before the shutdown, was constantly sinking into debt. Kingfisher owner Vijay Mallya owes Rs 9 thousand crore to the banks. Mallya is now declared a runaway.

Zoom air

Although the domestic airline Zoom Air came into existence in 2013, the company first flew in 2017. Initially, Zoom Air had spoken of providing its services in capitals like Delhi, Kolkata, Mumbai and Hyderabad. But a few days later, the Civil Aviation Regulator (DGCA) got Zoom Air guilty of violation of safety regulations.



Air carnival

The first flight of CMC Group's Airline Air Carnaval was filled in 2016. In the initial months, this airline was expanding in South India, but the airline has got debt in about a year. The airline shut down in 2017.


Air Costa

The expansion of the Regional Airline Company Air Costa was in South India. The airline, which started in 2013, was in the LEPL Group Control Indian business company. Being in financial crisis, the company had to settle its business.


Air Pegasus

Bengaluru's airline AirPagasas started air travel in April 2015 and within a year the company was also out of the race. It was a subsidiary company of Decor Aviation. Air Pegasus had to collapse business due to financial crisis.