Kingfisher Airlines was established in 2003 and began commercial operations in 2005. It expanded internationally in 2008 but faced significant financial troubles. It had a large fleet and offered various premium services and amenities on its flights. However, high operational costs, heavy debt loads, and an inability to generate profits led to a liquidity crisis. Despite opportunities in the growing Indian aviation market, Kingfisher Airlines was unable to restructure its business model and high costs. It ultimately shut down operations in 2012 due to ongoing losses and failure to repay debts.