Finally, there is a piece of awesome news from Indian Startup airline Fly91 as it has joined hands with Dubai Aerospace (DAE) Capital for inducting a fleet of two ATR 72 aircraft. Continue reading for full details:
Fly91 Agreement with DAE Capital For ATR Jets
Indian regional startup airline, Fly91 has announced the signing of a lease agreement of its first aircraft. The airline has signed an agreement to lease two ATR 72 aircraft from the Dubai-based lessor. These aircraft are expected to be the first in the Fly91 fleet. Both of them will be delivered in 2024. The airline is aiming to have a fleet of 30 aircraft in the future.
Fly91 is expected to launch operations by the first half of 2024. The airline already has mandatory approvals including the No Objection Certificate (NOC) required for starting operations in India. It will be based at Goa Manohar Parrikar International Airport. The primary goal of this airline is to provide Tier-II and Tier-III connectivity in India.
Firoz Tarapore, CEO of DAE Capital, expressed his excitement about the partnership with FLY91 as their first operating lessor. He highlighted their willingness to assist FLY91’s aim of improving regional connectivity in India. Tarapore thanked FLY91 for entrusting DAE as a partner and expressed hope for the relationship’s continued expansion and depth. DAE Capital currently has a fleet of 66 ATR aircraft.
FLY91’s CEO, Manoj Chacko, gave insights into the partnership and expressed delight in FLY91’s contribution to India’s fast-growing aviation industry. He emphasized that the airline is committed to helping the nation develop by concentrating on last-mile air connectivity, especially for underserved and unserved cities.
Chacko highlighted the dedication to providing clients with flights that are safe, dependable, and comfortable as they set out on this adventure. The collaboration with DAE gives their work a fascinating new angle and supports FLY91’s mission to develop regional aviation in India.
As stated above, the airline aims to enhance regional connectivity in India. In July last year, it was awarded its first set of routes under the Ude Desh ka Aam Nagrik – Regional Connectivity Scheme (UDAN-RCS) scheme. It has been allowed to operate on the following routes:
- Jalgaon to Pune, Goa & Hyderabad
- Sindhudurg to Pune, Bengaluru & Hyderabad
- Nanded to Bengaluru & Goa
- Agatti to Bengaluru & Goa
These are all UDAN routes subsidized by the government of India by charging scheduled airlines a special UDAN Charge. There are high chance that TruJet will receive delivery of the former FlyBig ATR aircraft. FlyBig grounded its ATR fleet in November 2023, following which lessor Vman and YES Bank filed a bank fraud case against the airline. DAE Capital leased those ATRs to Vman Aviation.
Source: DAE Capital