India, March 24 -- As many as 11 airlines exited the market in the last 10 years due to financial stress, non-availability of aircraft and other internal issues, according to the Government.

Minister of State for Civil Aviation Murlidhar Mohol told the Rajya Sabha on Monday that the aviation sector is deregulated, and airlines operate based on commercial considerations, while the Government is committed to ensuring a balanced and resilient sector.

"Since 2016, a total of 11 airlines have exited the market due to reasons such as financial stress, non-availability of aircraft and other internal issues. Further, AirAsia (India) Pvt. Ltd. (now AIX Connect Pvt. Ltd.) has merged with Air India Express Ltd., and Tata SIA Airlines Ltd. (Vistara...