Indian airlines like NEPC Airlines, Damania Airways, Jet Airways, Kingfisher Airlines, Deccan Aviation, and Paramount Airways collapsed before Go First, the latest airline to file for bankruptcy. While SK Modi's ModiLuft (1993-1996) failed due to competition, East-West Airlines (1992-1996) collapsed due to fund crunch caused by mismanagement. Air Sahara (1993-2007) was sold to Jet Airways in 2007.