Monday, January 09, 2023

New airlines Fly91 will take off soon – Here’s why airlines operate at losses but India’s aviation sector is still aiming high

A brand new domestic airline will take to the Indian skies in the next few months. Fly91, named after India’s country code 91, is being promoted by former executive vice-president of Kingfisher Airlines and the man who set up the India business of Fairfax group.

Aviation veteran Manoj Chacko was the executive vice president at Kingfisher, chief operating officer and CEO, business travel at travel company SOTC besides serving at the top executive position on Vijay Mallya’s ill-fated but once premiere Kingfisher Airlines. He has joined hands with Harsha Raghavan, former India head of Prem Watsa’s Fairfax Financial Holdings to give wings to the regional airline Fly91.

The Economic Times reported that the promoter company Just UDO had last week applied for the initial no-objection certificate (NOC) with the civil aviation ministry. The Goa-based airline aims to take to the skies starting September with two aircraft and scale up to 6 in the first year and add 32 planes in 5 years of its operation.

09/01/23  Dipavali Hazra/Times Now

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