Factbox-Indian carriers that have collapsed

A Go First poster is seen outside their head office in Mumbai

(Reuters) - Go Airlines (India) Ltd was granted bankruptcy protection on Wednesday, paving the way for the budget carrier to renegotiate debts and contracts.

Following are details on other Indian carriers that have collapsed:

JET AIRWAYS

Jet Airways, once India's largest private airline, stopped flying after running out of cash in April 2019. It owed about 180 billion Indian rupees ($2.2 billion) to its creditors.

Despite being cleared to resume commercial flights in May last year, the airline's comeback has been delayed due to differences between its current owners, a consortium led by UAE-based businessman Murari Lal Jalan and London-based Kalrock Capital, and its lenders.

Its Chief Executive Officer designate Sanjeev Kapoor quit the company last month, broadcaster CNBC-TV18 reported.

KINGFISHER AIRLINES

Indian tycoon Vijay Mallya-owned Kingfisher Airlines ceased flying from 2012 after posting multiple quarters of losses following a merger with low-cost carrier Air Deccan.

Kingfisher owed its lenders, including State Bank of India, 90 billion rupees. Lenders have since recovered some of the dues owed by Mallya, who was sentenced by India's top court to four months in jail for refusing to disclose his assets.

(Reporting by Nandan Mandayam in Bengaluru; Editing by Sonia Cheema and Edwina Gibbs)