Girişimci Kafası archive

Travel

Travel: the closure stories and lessons of 49 startups.

Startups1,686
Known capital burned$31.2 billion
Average lifespan10.3 years
Most common causeBusiness model failed
Countries81
Biggest lossArgo AI ($3.6 billion)

49 startups

Closed2014 – 2025

Sonder

The hospitality company that leased flats and ran them like hotels through an app

United States$550 millionBusiness model failed
Closed2012 – 2020

Hemen Kiralık

The Turkish rental site connecting hosts with people renting flats by the night or the day

Turkey$3.5 millionLost to competitors
Closed2012 – 2019

Tink Labs

A start-up that put smartphones in hotel rooms and collapsed within weeks of a billion-dollar valuation

Hong Kong$160 millionRan out of cash
Closed2011 – 2019

Utrip

A Seattle travel-planning start-up whose acquisition deal collapsed three days before signing

United StatesRan out of cash
Closed2007 – 2017

Stayzilla

A homestay and budget hotel marketplace that tried to become India's Airbnb

India$34 millionBusiness model failed
Closed2011 – 2014

Desti

A super intelligence-driven travel planning app spun out of SRI, the birthplace of Siri

United StatesAcquired and shut down
Closed2007 – 2013

Dopplr

The network that matched your travel plans with your friends', bought and shut down by Nokia

United KingdomAcquired and shut down
Closed2016 – 2025

Air Belgium

Belgian airline

BelgiumRan out of cash
Closed2007 – 2025

Albatros Airlines

Venezuelan regional airline

Venezuela
Closed2019 – 2025

PLAY

Icelandic low-cost airline

Iceland
Closed2010 – 2025

Ravn Alaska

American regional airline based in Alaska

United States
Closed1993 – 2023

Air Moldova

Moldovian airline

Moldova
Closed2018 – 2022

Air Leap

Virtual Swedish company

Sweden
Closed2001 – 2022

kulula.com

South African low-cost airline owned by Comair

South Africa
Closed2013 – 2022

TruJet

Indian low-cost regional airline based in Hyderabad

India
Closed1992 – 2022

Ukraine International Airlines

Flag carrier of Ukraine

Ukraine
Closed1992 – 2021

Onur Air

Turkish airline

Turkey
Closed1994 – 2020

Air Georgian

Canadian charter airline

Canada
Closed2018 – 2020

Air Italy

Italian airline

Italy
Closed2006 – 2020

Compass Airlines

American regional airline

United States
Closed2008 – 2020

FromAtoB.com

Multimodal journey planner and online booking platform

Germany
Closed2005 – 2020

Interjet

Low-cost airline from Mexico

Mexico
Closed1994 – 2020

Montenegro Airlines

Flag carrier of Montenegro, headquartered in Podgorica

Montenegro
Closed2008 – 2020

OpenSkies

Airline

France
Closed1992 – 2019

Jet Airways

Airline based in India

India
Closed2007 – 2019

Med-View Airline

Nigerian airline headquartered in Lagos

Nigeria
Closed2015 – 2019

SW Italia

Italian airline

Italy
Closed2011 – 2019

WOW air

Icelandic low-cost airline

Iceland
Closed2010 – 2018

TravelBird

Travel

Netherlands
Closed2013 – 2017

Air Carnival

Indian airline based in Coimbatore

India
Closed2006 – 2017

Safi Airways

2007-2017 airline in Afghanistan

Afghanistan
Closed2000 – 2017

VIM Airlines

Airline

Russia
Closed2014 – 2016

Air Pegasus

Airline in India

India
Closed2004 – 2015

Air Bagan

Airline from Myanmar

Myanmar
Closed1996 – 2015

West Coast Air

Canadian airline

Canada
Closed1993 – 2014

AirTran Airways

American low-cost airline

United States
Closed2010 – 2014

Small Planet Airlines s.r.l.

Travel

Italy
Closed1992 – 2013

Australian air Express

Airline in Australia

Australia
Closed2003 – 2013

Avantair

Airline of the United States

United States
Closed2009 – 2013

Pet Airways

American company specializing in the transportation of pets

United States
Closed2007 – 2012

Airship Ventures

US airline

United States
Closed2005 – 2010

MexicanaClick

Airline

Mexico
Closed2009 – 2010

MexicanaLink

Mexican regional airline

Mexico
Closed2004 – 2008

Skybus Airlines

Airline

United States
Closed1994 – 2008

Skyway Airlines

Airline code

United States
Closed1999 – 2007

BRA Transportes Aéreos

Brazilian airline

Brazil
Closed2004 – 2005

Valuair

Airline of Singapore

Singapore
Closed1992 – 2004

Impulse Airlines

Airline in Australia

Australia
Closed1990 – 1999

Reno Air

Us-Airline from Reno, Nevada

United States

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This section is compiled from public sources (Wikidata, news archives and company announcements). Figures are given as they appear in those sources; unknown fields are left blank. If you spot a mistake in an entry, you can send us a correction.