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NEPC Airlines, Damania Airways, Jet Airways, Kingfisher Airlines, Deccan Aviation, and Paramount Airways have one thing in common. These airlines and several others took off fast only to crash land or get bought out by others.
With nearly 50 per cent of its A320neo fleet grounded, Go First, India's third largest airline, approached NCLT for resolution under Section 10 of the Insolvency Bankruptcy Code (IBC).