1 Jet Airways
Jet Airways was founded by Naresh Goyal and had begun its operations in 1992. The airline, which was known for its best services among the lot, temporarily halted all operations on 17 April. This came after its plea for immediate funding was rejected by the lenders. The troubles for the airline began in 2018 and today, it faces a debt of around Rs. 8,500 crores.
2 Sahara Airlines
Sahara was founded in 1991 by Subrata Roy. The airline was rebranded in 2001 as Air Sahara. It ceased operations after it was bought by Jet Airways for Rs. 1450 crore and renamed JetLite.
3 JetLite Airways
JetLite Airways was founded in 2007 and due to losses the airline merged with JetKonnect and ceased operations in 2012.
JetKonnect emerged in 2012 as part of a restructuring of the two airlines JetLite and Jet Airways Konnect, the aircraft was acquired by JetLite. JetKonnect made flights for Jet Airways from 2014 and was fully integrated into the parent company in 2015.
5 Paramount Airways
The airline ceased its operations as it could not sustain operations due to legal issues with an aerospace company, Embraer. In 2010, its license was canceled after GE Commercial Aviation seized three aircraft. The company was also raided over non-payment of dues.
6 Kingfisher Airlines
Founded by Vijay Mallya, the airline ceased operations after 10 years over non-payment of dues. The company owed its lenders, like State Bank of India, Rs. 9,000 crores. In an attempt to dodge the creditors, Mallya fled to London, England.
7 MDLR Airlines
The airline was founded in 2007. And after several missed lease payments its operations were terminated in 2009.
8 Air Deccan
After Vijay Mallya, founder of Kingfisher Airlines bought the airline in 2007, halted its operations in 2007. It was rebranded as Simplifly Deccan and later named Kingfisher Red.