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One scheduled airline on an average has gone out of business every year since private airlines took to the skies nearly three decades ago, with Wadia group-owned Go First being the latest carrier battling financial turbulence for survival.
Since 1994, the year when private airlines took off in the country, at least 27 scheduled carriers have either been shuttered or have been acquired or merged with other carriers, according to data.
Go First bankruptcy puts light to 27 other airlines, small or big, that have gone out of business, or have been acquired by bigger brands since 1994, when private airlines entered India.