FLY91: India’s Newest Regional Airline

FLY91: India's Newest Regional Airline mind map
Recent News
FLY91 inaugurated by Union Minister for Civil Aviation and Steel, Shri Jyotiraditya M. Scindia
When
March 12, 2024
Where
Maiden flight between Manohar International Airport, Goa and Agatti Islands, Lakshadweep
Why
Enhance tourism, trade, and commerce
Promote affordable, on-time, safe, and hassle-free travel
What
Operates with ATR-72 aircraft
Focus on Tier 2 and Tier 3 city connections
Backed by
Aviation veteran Manoj Chacko
Convergent Finance LLP
Plans
To connect over 50 cities across India in five years
Induct 30 aircraft into fleet
Fleet based at multiple hubs across the country
Received Air Operator Certificate from DGCA
Airline code 'IC', same as former state-run carrier Indian Airlines
Who
Manoj Chacko
Co-founder
Industry veteran with extensive experience in airline and travel sectors
Convergent Finance LLP
Co-founding partner
Supports in operations, capital allocation, and long-term business strategy
Dubai Aerospace Enterprise (DAE)
Leased ATR72-600 aircraft provider
Recognized aviation services corporation
How
Basic, no-frills model
Supremely digital airline
Lean organization and cost-effective operations
Buy-on-board products
Market competitive pricing
Significance
Enhances last-mile air connectivity
Promotes regional development through UDAN scheme
Expected to boost tourism and commerce in smaller cities
Challenges
Operating in a traditionally loss-making airline business
Financial and operational stability concerns
Way Forward
Aims for financial and operational stability
Growth beyond five metros to cities with population over one million
Focus on digital and cost-effective operations

FLY91 marks a significant step in India’s aviation sector, focusing on enhancing regional connectivity, especially between Tier 2 and Tier 3 cities. Founded by industry veterans, including Manoj Chacko, and backed by Convergent Finance LLP, FLY91 aims to promote affordable, safe, and hassle-free travel. Its operations started with ATR-72 aircraft, focusing on a no-frills, digitally enhanced service model. The airline’s strategy includes a significant expansion plan, aiming to connect over 50 cities across India within five years and induct 30 aircraft into its fleet, supported by multiple hubs across the country. This initiative aligns with the government’s UDAN scheme to boost regional development and air connectivity. Despite the challenges of operating in a traditionally loss-making business, FLY91’s lean, cost-effective approach and focus on underserved markets present a hopeful outlook for the future of regional aviation in India​​​​​​​​​​​​​​​​.

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