This year has seen the collapse of various airlines worldwide, as the industry continues to face financial challenges driven by high labour costs, geopolitical chaos, and widespread disruptions. Multiple airlines across the globe collapsed into administration at the beginning of the year, with one having to cancel all of its flights, leaving it having to find new arrangements.

And now, with pilot strikes, airspace disruptions, and rising costs, the industry's climate remains unpredictable. That being said, you can find the three airlines that have collapsed into administration since the beginning of 2026 below.

The Indian charter carrier entered voluntary liquidation in January. The airline was founded in 2007 and operates out of Kolkata, mainly providing business and charter services from its base.

The airline had not operated any flights since 2022, when it lost its last Cessna Citation Jet to creditors. It remained in insolvency proceedings for several years before finally opting to enter voluntary liquidation proceedings under the Insolvency and Bankruptcy Board of India (IBBI).

Creditors and stakeholders were required to submit proof of their claims by February 4.

The airline was initially established as a charter service in 2002. It then became a low-cost carrier model in 2018, after obtaining its licence to operate commercial flights in 2017.

The carrier, owned by Cambodia-registered Lanmei Group, faced a series of difficulties, including a decline in international passenger numbers in 2025. On January 4, 2026, the airline announced that it was cancelling all commercial flights.

The announcement left 3,000 to 4,000 passengers set to travel between January and March 2026 scrambling to find alternative arrangements.

At the time, the airline's website said: "We are working on providing refunds and hope to resume flights at an unspecified date in the future. Thank you for your patience and understanding. We eagerly anticipate welcoming you aboard soon."

The airline established by entrepreneur Dale Vince was the world's first all-electric airline. However, just three years after its formation, a petition was brought to appoint joint interim liquidators, to which Paul Dounis and Mark Harper, of Opus Restructuring, were appointed

According to Opus, the company's members funded the liquidation process to ensure that the company's employees receive their full statutory entitlements.

At the time of its launch, the Elcotricity website read: "The move marks the beginning of an aviation revolution by making net-zero, emission-free air travel possible for the first time."

It added that the Ecojet's fleet will consist of "conventional planes retrofitted with hydrogen-electric powertrains" that will operate with a 100% reduction in CO2 emissions.