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Indian Overseas Airlines was formed as Mistri Airways by Parsi businessman, Rusi Mistri on 30Jan1946. Mistri Airways operated flights between Mumbai, Nagpur and Calcutta, in addition to charter work. Renamed to Indian Overseas Airlines in 1947. In 1949, it also got license to operate flights for air-mail services and also started operating on other routes like Nagpur -Hyderabad -Bangalore – Madras and Nagpur- Jabalpur – Allahabad -Kanpur -Lucknow. The night air mail services’ first license was granted to Indian Overseas Airlines but the airline closed in Oct1950 due to financial problems
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