What was the fate of Kingfisher Airlines?
Merged
Sold
Nationalized
Defunct
Answer
Defunct, Kingfisher Airlines, once a prominent Indian carrier, experienced a steep decline due to financial mismanagement, intense competition, rising fuel costs, and a high debt burden. Despite several attempts at restructuring and revival, the company couldn't overcome its challenges and ceased operations in 2012, leaving behind a significant impact on the Indian aviation industry.
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