Another in a long list of Indian airline failures, or nearly failures.
Kingfisher, Air India- the biggest of all, but keeps trading, Air Costa, Paramount, Deccan, Spice jet- died but resurrected, and many others.
Killed by the reluctance of Indians to pay one extra rupee for a better product, or quicker service.
Poisoned by the truly awful DGCA, who put the CAA to shame as an airline strangler.
Still, Indigo and Vistara are doing nicely. Soon the Indians will have no choice but pay up, or don't go.