India’s private aviation industry has always been turbulent due to high costs, low profitability, intense competition and lack of scale. Many airlines have failed and collapsed in India, including Vayudoot (1981-1997), ModiLuft (1993-1996), Damania Airways (1993-1997), NEPC Airlines (1993-1997), Jet Airways (1993-2019), Kingfisher Airlines (2005-2012), Air Deccan (2003-2007), and Paramount Airways (2005-2010). (Image Credit: Getty)