May 10 (Reuters) – Go Airlines (India) Ltd was granted bankruptcy protection on Wednesday, paving the way for the budget carrier to renegotiate debts and contracts.
Following are details on other Indian carriers that have collapsed:
JET AIRWAYS
Jet Airways, once India’s largest private airline, stopped flying after running out of cash in April 2019. It owed about 180 billion Indian rupees ($2.2 billion) to its creditors.
Despite being cleared to resume commercial flights in May last year, the airline’s comeback has been delayed due to differences between its current owners, a consortium led by UAE-based businessman Murari Lal Jalan and London-based Kalrock Capital, and its lenders.
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