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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