India's High-Flying Airlines That Have Become History Now

BANGALORE: At some point of time Airlines face Crisis. Some face financial crisis, or because of new acquisitions, bankruptcy. International Air Transport Association ceases operations of these airlines. There are eight Indian airlines that went bust in the past, as compiled by Rediff.com  

#1.Air Deccan

Air Deccan was a wholly owned subsidiary of Deccan Aviation. It was started by Captain G. R. Gopinath as India's first low-cost carrier and its first flight took off on 23 August 2003 from Bangalore to Hubli. It was the first airline in India to fly to second tier cities like Hubli, Mangalore, Madurai and Visakhapatnam from metropolitan areas like Bangalore and Chennai. Gopinath, sold Air Deccan to Mallya in 2006, soon Deccan ran into trouble and was shutdown.

#2.Damania Airways

Damania Airways was an Indian airline headquartered in Mumbai, which started operations in 1992 with two leased Boeing 737 aircraft, connecting its base with Delhi, Calcutta, Madras, Bangalore, Goa and Indore.  It was founded by Damania brothers, Parvez and Vispi. Damania was the first airline to offer alcohol on domestic flights in India, offering Whiskey with breakfast on 6 am flights. The airline was acquired by NEPC Group in 1995, which ceased operations in 1997. The International Air Transport Association suspended them for non-payment of dues following which they were taken off the computerised reservation system.

#3.East West Airlines

East West Airlines, India’s first private airline which began its operations in early 1992, founded by Thakiyudeen Wahid. The airline operated its offices in Mumbai, New Delhi, Chennai and Trivandrum. On November 13, 1995 the Company’s managing director Thakiyudeen Wahid was shot dead near his Mumbai office. The airline owed 3.3 million dollars to PLM Equipment and since then the planes were grounded.

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