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Fly91 News -- Part 1

 
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PostPosted: Tue Jan 10, 2023 1:06 pm    Post subject: Fly91 News -- Part 1 Reply with quote

https://www.ch-aviation.com/portal/news/123306-indias-fly91-moots-debut-by-late-4q23

Fly91 moots debut by late 4Q23

10.01.2023

Mumbai-based private equity firm Convergent Finance and former Kingfisher Airlines executive Manoj Chacko have announced the formation of Fly91 (Goa Dabolim), a new Indian regional airline that aims to begin operations by December 2023.

In a joint statement, the parties said Convergent Finance and funds advised by the firm would anchor Fly91's initial INR2 billion rupee (USD24.3 million) investment.

UDO Aviation Private Limited, a holding company set up by Chacko that owns Fly91, has applied for a No Objection Certificate and for requisite security clearances from the Indian Ministry of Civil Aviation. According to Chacko, Fly91 will operate a young fleet of ATR72-600s.

Fly91 aims to operate in the short-haul segment (45 and 90-minute flights), serving underserved regional airports under the Indian government's Regional Connectivity Scheme (RCS). Commercial operations will debut from Goa Dabolim, which will be the start-up's first base. The region is one of India's most popular tourist destinations.

Convergent Finance Managing Partner Harsha Raghavan will be Fly91's chairman, and Chacko will be the airline's chief executive officer. The latter has more than three decades of experience spanning airline, travel, and allied industries, amongst them executive positions at WNS Global Services, SOTC Travel, Kingfisher Airlines, and Emirates. Other members of the management team claim experience at various aviation companies, including Jet Airways, SpiceJet, Vistara, AirAsia, and Gulf Air.

As the co-founding partner, Convergent will work with Fly91 on operations, capital allocation, and long-term business strategy said Raghavan. "The India growth story goes beyond five metros, with nearly 50 cities having a population of more than one million. Manoj's vision to serve these cities and his decades of experience in India's airline and travel sectors makes him the kind of passionate entrepreneur whose idea we can back with our capital," he stated.

"Harsha and the Convergent team's operational expertise and deep networks will be invaluable as we build Fly91 to be India's leading pure-play regional airline. The funds we raise will ensure that we are well capitalised and that we can set up the airline for long-term success," Chacko added.

The name Fly91 relates to India's country code, 91.

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iah87
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PostPosted: Wed Jan 11, 2023 7:16 pm    Post subject: Re: Fly91 News -- Part 1 Reply with quote

That is what Indian aviation needs...one more new entrant. Why does the aviation industry attract so many new entrants even though the competition is fierce and most of them lost money. It is a mystery.
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PostPosted: Fri Jan 13, 2023 1:01 pm    Post subject: Reply with quote

An ex-KF fruitcake starting an airline. No sh*t Sherlock.
It won't get off the ground.
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PostPosted: Sat Jun 10, 2023 7:36 pm    Post subject: Reply with quote

https://www.ch-aviation.com/portal/news/128338-indias-fly91-to-open-goa-mopa-base

Fly91 to open Goa Mopa base

08.06.2023

Fly91 will become the first airline to be headquartered at the greenfield Goa Mopa Airport when it starts operations, tentatively scheduled for later this year, after it secures its air operator's certificate (AOC).

As previously reported, Fly91 aims to link Goa with second and third-tier airports around India, tapping into the Indian government's UDAN-RCS subsidised regional flying scheme. Founder and Kingfisher Airlines (Mumbai International) alumni Manoj Chacko said he plans to launch flights with a pair of ATR72-600s, building up to six aircraft within the first 12 months.

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PostPosted: Sat Jul 29, 2023 4:47 am    Post subject: Reply with quote

https://www.ch-aviation.com/portal/news/130218-indias-fly91-secures-udan-route-allocations

Fly91 secures UDAN route allocations

28.07.2023

The Indian government has allocated start-up carrier Fly91 (Goa Dabolim) ten routes under its UDAN Regional Connectivity Scheme (RCS), with the Ministry of Civil Aviation (MoCA) making the announcement on July 25.

The latest round of UDAN route announcements focuses on connecting tier-two cities (populations between 50,000 and 100,000) and tier-three cities (populations between 20,000 and 50,000) with each other and larger tier-one cities. Under the scheme, the Indian government will subsidize fares on certain routes into designated airports operated by specific aircraft, namely those with passenger capacities of between 20 and 79 seats and other aircraft with a passenger capacity of 80 or more. The Indian government wants to use UDAN to put scheduled passenger services into at least 50 unserved regional airports and roll out approximately 1,000 new regional routes. Fly91, which aims to start scheduled services by the end of the year, was allocated the following routes.

Jalgaon - Pune;
Jalgaon - Goa Dabolim
Jalgaon - Hyderabad
Malvan Sindhudurg) - Pune;
Malvan (Sindhudurg) - Bangalore;
Malvan (Sindhudurg) - Hyderabad;
Nanded - Goa Dabolim;
Nanded - Bangalore;
Agatti - Pune
Agatti - Bangalore.

Fly91 CEO Manoj Chacko called the allocation a milestone moment for the startup. "We are committed and on track to launch our commercial operations, subject to regulatory approvals, later this year from our home base Goa," he said. While the airline is yet to secure its air operator's certificate, it has secured a no-objection certificate from India's Directorate General of Civil Aviation (DGCA). Fly91 intends to start operations with a pair of 76-passenger capacity ATR72-600s, building to six aircraft within 12 months of starting flights.

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PostPosted: Wed Aug 09, 2023 5:08 am    Post subject: Reply with quote

https://www.ch-aviation.com/portal/news/130490-indias-fly91-in-last-mile-partnership-talks

Fly91 in last-mile partnership talks

08.08.2023

The CEO of Indian startup Fly91 (Goa Dabolim) continues to position his prospective airline as a last-mile carrier that will "co-exist" with other carriers, according to the Mint outlet.

Manoj Chacko confirmed talks were underway with potential interline partners during an interview. "We are in discussions with two domestic and three international airlines," he said. "International airlines are especially keen to look at aligning our network with theirs so they can connect to some of the cities we would potentially connect."

Chacko says of the two Indian carriers he is talking to, one is a low-cost airline and the other full service. The CEO has previously discussed his last-mile strategy. When announcing the startup earlier this year, Chacko said he plans to fly into smaller Indian cities, unserved or underserved by existing carriers, calling it a "clear opportunity." He says the tier two and tier three cities are where the growth prospects are in the country. "We are building an airline in such a way that we want to be the last mile carrier."

Fly91 is eyeing a launch in November but is yet to secure its air operator's certificate. However, in April, the airline did gain a no-objection certificate from India's Directorate General of Civil Aviation. Chacko wants to start operations using two ATR72-600s, building to six within the first 12 months. He says Fly91 will focus on short-haul segments (60 to 90 minutes). Last month, the carrier secured ten routes under India's UDAN Regional Connectivity Scheme, connecting tier-two cities with each other and with tier-one cities.

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PostPosted: Tue Dec 05, 2023 4:14 pm    Post subject: Reply with quote

https://www.ch-aviation.com/portal/news/134739-indias-fly91-targets-mid-1q24-launch

Fly91 targets mid-1Q24 launch

05.12.2023

Indian startup Fly91 is targeting a February 2024 start date with flights connecting Jalgaon to Pune, Goa, and Hyderabad under the UDAN-5.0 scheme.

India-based media outlets are reporting on a meeting held this week between Fly91 and Pune local government officials to discuss the launch and first routes. Fly91 is a joint venture between Indian airline executive Manoj Chacko and Mumbai-based private equity firm Convergent Finance. Chacko is best known as the former Executive Vice President (Commercial) of now-defunct Kingfisher Airlines. Chacko has said he intends to commence operations with two ATR72-600s, growing to six within the first 12 months.

"The airline has plans to start operations from Jalgaon in February," Jalgaon local government officials told media after the meeting. "They are in the process of getting all the required permissions from the Directorate General of Civil Aviation (DGCA) and other relevant authorities." Fly91 secured its no objection certificate from the DGCA earlier this year but has yet to secure an air operator's certificate.

The Indian government's Ude Desh Ka Aam Nagrik (UDAN) subsidised scheme aims to improve connectivity to remote and regional areas of the country. The government has released subsidies to operate specific routes with specific sized aircraft throughout various stages of the scheme. The government released the latest tranche of routes and subsidies in April when they rolled out UDAN-5.0.

According to ch-aviation PRO airports data, no scheduled passenger operators fly into Jalgaon Airport, located in the state of Maharashtra, and the three launch routes are unserved. During the meeting, Fly91 said they would start operating on the Jalgaon-Pune route in early February, the Jalgaon - Goa route in late February, and the Jalgaon - Hyderabad route sometime in March.

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PostPosted: Fri Jan 19, 2024 8:58 am    Post subject: Reply with quote

https://www.ch-aviation.com/news/136246-indian-start-up-fly91-seals-deal-with-dae-for-two-atr72-600s

ly91 seals deal with DAE for two ATR72-600s

19JAN2024

Fly91 (GOA, Goa Dabolim) has reached an agreement with DAE Capital to lease two ATR72-600s, with deliveries expected this year. They will be the start-up carrier's first aircraft. Fly91 has said it intends to start flights later this year.

The airline aims to connect smaller Indian cities with a fleet of turboprops. It is a joint venture between Indian airline executive Manoj Chacko and Mumbai-based private equity firm Convergent Finance. Chacko has previously said he intends to grow the fleet to six ATRs within six months. He says the ATR72-600 allows for efficient and sustainable operations from most regional airports in the country.

"We are firmly committed to the country’s development through last-mile air connectivity that aims to serve unserved and under-served cities in India," Chacko said.

Along with taking delivery and inducting its first two aircraft, Fly91 also needs to lock in its air operator's certificate (AOC) before starting. Chacko told ch-aviation that the airline is in the final stages of the application process and hopes to secure it within the next few weeks.

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PostPosted: Tue Jan 30, 2024 2:55 pm    Post subject: Reply with quote

https://www.ch-aviation.com/news/136527-indias-fly91-accepts-first-atr72-600-ahead-of-start

Fly91 accepts first ATR72-600 ahead of start

30JAN2024

Fly91 (GOA, Goa Dabolim) has taken delivery of its first aircraft, an ATR72-600 registered as VT-NUT (msn 1385). The airline announced acceptance of the plane on its social media platforms last week. The aircraft was placed at Fly91 by VMAN Aero Services on an operating lease running through December 31, 2028.

Fly91 CEO Manoj Chacko called VT-NUT's arrival "a proud moment." According to ch-aviation fleets data, the 7.13-year-old ATR - Avions de Transport Régional turboprop formerly flew for TruJet (TRJ, Hyderabad International) and, most recently, flybig (FLG, Indore).

As reported in ch-aviation, Fly91 recently closed a deal with DAE Capital to fund its first two ATRs. Chacko hopes to grow the fleet to six of the type within the first six months of its first flights.

Fly91 is a joint venture between Indian airline executive Manoj Chacko and Mumbai-based private equity firm Convergent Finance. The startup plans to connect smaller Indian cities, providing last-mile connectivity to underserved and unserved airports. Chacko recently told ch-aviation that he was in the final stages of securing Fly91's air operator's certificate and hoped to have it issued within weeks.

After its delivery last week, VT-NUT remains at Hyderabad International for maintenance purposes.

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