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Rajya Sabha: 11 airlines exited India market in last 10 years, says Murlidhar Mohol
Aviation: In the last 10 years, 11 airlines in India have exited due to financial crisis and other reasons. Read this full report for detailed information on the Indian aviation sector, including the ₹380.51 crore Kingfisher Airlines dues and the Vistara-Air India merger.
Recently, the government has shared some important information with the people. In the last ten years, 11 airlines in the country have closed their operations. The reasons behind this are financial issues and some internal problems. Minister of State for Civil Aviation Murlidhar Mohol said this in the Rajya Sabha on Monday.
While giving his written answer to the Upper House, the minister said, "Aviation is not a sector that is strictly regulated. The operations are allowed on a commercial basis. The government wants a strong and balanced aviation sector." The minister added, "11 airlines have closed their operations in the last ten years. The reasons behind this are financial issues and lack of enough aircraft. Some internal issues have also led to the closure of these companies. However, specific details have not been disclosed.:"
The Minister also informed about the mergers of some airlines. AirAsia (India) Private Limited has merged. It is now known as AIX Connect Private Limited. It has merged with Air India Express Limited. Similarly, Tata SIA Airlines Limited (Vistara) has also merged. Vistara has merged with Air India Limited.
