The list of failed airlines in India is quite long - full service or low-cost - and the major reason was financial crunch due to various fa...

Damania last month visited grounded southern regional carrier Air Pegasus which has been struggling for funds, delaying payments and trying...

Several defunct private airlines owed over Rs 200 crore to AAI, which is making efforts to recover the outstanding amount.

Private airlines have a due of Rs 526 crore towards the state-owned Airports Authority of India (AAI) till December last year.

Banks have little hope of foreign investors picking up stake in the airline. They are likely to summon Mallya next week to know his plans.

There were quite a few airlines that faced turbulence before shutting down. ET lists the airlines that went bust in the past two decades:

During 2004-07, India was bullish and low per capita matrix in every sector made entrepreneurs make over-optimistic estimates of the vast m...

A string of new carriers is awaiting details, before they begin providing air services connecting smaller communities with larger cities.

Newbies to get permission only after the ministry is convinced that the cos have sound financials.

Mounting losses of airline companies - estimated to touch Rs 2,200 crore this year - has forced civil aviation minister Praful Patel to cau...

Mounting losses of airline companies, estimated to touch Rs 2,200 crore this year, has forced civil aviation minister Praful Patel to cauti...