The airline shut down all operations after years of economic difficulties.
The airline shut down all operations (Picture: Getty)
Yet one more airline has been thrust into liquidation following extreme monetary difficulties. This comes within the wake of the liquidation of Scottish agency EcoJet Airways, in addition to Royal Air Philippines getting into administration and cancelling all flights.
Indian constitution service Dove Airways has now ceased operations after getting into voluntary liquidation in January. Based in 2007, the airline operated out of Kolkata, primarily offering enterprise and personal constitution companies from its base there. It was authorised to function non-scheduled flights and maintained a fleet that included a 2005-built Cessna Quotation Jet 2, registered VT-DOV.
The airline had not operated any flights since 2022, when it misplaced its final Cessna Quotation Jet to collectors. Manufacturing large Usha-Martin offloaded its 50 per cent stake within the service again in 2015 owing to extended monetary losses.
The agency remained mired in insolvency proceedings for a number of years as makes an attempt to safe recent funding continued. Nonetheless, following the failure of those efforts, the airline opted to enter voluntary liquidation proceedings below the Insolvency and Chapter Board of India (IBBI).
Mr Pranab Kumar Chakrabarty was appointed as liquidator to supervise the distribution of belongings and the settlement of excellent liabilities. Collectors and stakeholders have been required to submit proof of their claims by February 4. “At its peak, Dove Airways operated as a non-scheduled (constitution) service, offering passenger and cargo companies utilizing regional plane just like the Dornier 228,” Insolvency Tracker studies.
“Regardless of formidable mid-career plans to hitch the federal government’s UDAN scheme for regional connectivity, the airline remained affected by monetary stress, grounded fleets, and authorized disputes with plane lessors.”
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This follows information that Smartlynx Airways was compelled to cancel all flights after getting into administration. The corporate had been buying and selling since 1992 however was compelled to halt all operations after enduring monetary difficulties because the autumn of 2025.
All plane have been grounded following unsuccessful makes an attempt to rescue the Latvian-based agency. The airline had constructed a robust popularity for offering wet-lease companies to main European carriers akin to easyJet, which might apply their very own branding to the in any other case unmarked plane. Lately, the corporate had even expanded its operations so far as India.
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