Yet one other airline has been thrust into liquidation following extreme monetary difficulties. This comes in the wake of the liquidation of Scottish agency EcoJet Airlines, in addition to Royal Air Philippines coming into administration and cancelling all flights.
Indian constitution provider Dove Airlines has now ceased operations after coming into voluntary liquidation in January. Founded in 2007, the airline operated out of Kolkata, primarily offering business and personal constitution companies from its base there. It was authorised to function non-scheduled flights and maintained a fleet that included a 2005-constructed Cessna Citation Jet 2, registered VT-DOV.
The airline had not operated any flights since 2022, when it misplaced its final Cessna Citation Jet to collectors. Manufacturing big Usha-Martin offloaded its 50 per cent stake in the provider 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. However, following the failure of those efforts, the airline opted to enter voluntary liquidation proceedings beneath the Insolvency and Bankruptcy Board of India (IBBI).
Mr Pranab Kumar Chakrabarty was appointed as liquidator to supervise the distribution of belongings and the settlement of excellent liabilities. Creditors and stakeholders had been required to submit proof of their claims by February 4. “At its peak, Dove Airlines operated as a non-scheduled (charter) carrier, providing passenger and cargo services using regional aircraft like the Dornier 228,” Insolvency Tracker experiences.
“Despite ambitious mid-career plans to join the government’s UDAN scheme for regional connectivity, the airline remained plagued by financial stress, grounded fleets, and legal disputes with aircraft lessors.”
This follows information that Smartlynx Airlines was compelled to cancel all flights after coming into administration. The firm had been buying and selling since 1992 however was pressured to halt all operations after enduring monetary difficulties since the autumn of 2025.
All plane had been grounded following unsuccessful makes an attempt to rescue the Latvian-based agency. The airline had constructed a robust status for offering moist-lease companies to main European carriers resembling simpleJet, which might apply their very own branding to the in any other case unmarked plane. In current years, the corporate had even expanded its operations so far as India.
