Major Airline Liquidates, Cancelling All Flights
Dove Airlines, a Kolkata-based Indian charter operator established in 2007, has entered voluntary liquidation. The carrier stopped flying in 2022 and formally began liquidation proceedings in January 2026.
Background and fleet
The airline specialised in non-scheduled business and private charters. Its fleet once included a 2005-built Cessna Citation Jet 2 registered VT-DOV.
At its operational peak Dove used regional types such as the Dornier 228. The company had discussed joining the government’s UDAN regional connectivity programme.
Financial decline and ownership changes
Manufacturing group Usha-Martin sold its 50 percent stake in Dove in 2015. The divestment followed sustained financial losses.
The carrier faced protracted insolvency proceedings and disputes with aircraft lessors. Attempts to secure new investment ultimately failed.
Liquidation process
Dove submitted to voluntary liquidation under the Insolvency and Bankruptcy Board of India. Pranab Kumar Chakrabarty was appointed liquidator to oversee asset distribution and claims.
Creditors were required to file proof of claims by February 4, 2026. The airline had surrendered its final Cessna to creditors when operations ceased in 2022.
Wider industry context
Filmogaz.com notes this collapse joins several recent airline failures. The trend includes Scottish carrier EcoJet and Royal Air Philippines entering administration and grounding services.
A separate case saw Smartlynx Airlines suspend operations after prolonged financial pressure. Smartlynx, founded in 1992, provided wet-lease flights for major European carriers such as easyJet before its grounding.
Market implications
The loss of Dove reduces charter capacity in eastern India. Local businesses and high-net-worth travellers may feel the impact.
The wave of collapses highlights fragile liquidity across the aviation sector. Major Airline Liquidates, Cancelling All Flights has become an alarming headline in recent months.
Key facts
| Founded | 2007 |
| Base | Kolkata, India |
| Last operational year | 2022 |
| Liquidation began | January 2026 |
| Liquidator | Pranab Kumar Chakrabarty |
| Creditor deadline | 4 February 2026 |
| Notable aircraft | Cessna Citation Jet 2 (VT-DOV); Dornier 228s formerly used |
Filmogaz.com will continue to monitor the liquidation and report any major developments. Stakeholders await the liquidator’s next statements and asset resolutions.
