Another one-hit wonder, the Bangalore-based Kempegowda International Airport-headquartered regional airline, Air Pegasus, suspended its operations in July 2016 — just 15 months after it commenced operations in April 2015.
While ceasing operations, the subsidiary of an aircraft ground-handling services company, Decor Aviation, said it was temporary due to technical issues. However, it later revealed that it was facing financial turbulence and had mounting debts. The airline had a fleet size of three and used to serve eight domestic destinations.