Goa-based regional airline FLY91 is set to expand its fleet to ten aircraft within a year, incorporating both owned and leased planes. Currently operating three ATR-72 aircraft, the airline will receive its fourth plane in May, enhancing operational efficiency and cost control. Despite supply chain challenges, the airline has remained financially stable, with zero debt and INR 250 crore in raised equity. Managing Director Manoj Chacko emphasised that the focus has been on establishing strong operational foundations before scaling up.
The airline initially aimed to have six aircraft within a year, but growth has been slower than expected. Presently, FLY91 is running a reduced schedule due to maintenance and regulatory approvals, with two planes temporarily grounded. However, Chacko confirmed that the lean February-March period has been used for scheduled maintenance, ensuring smoother operations ahead. The induction of the fourth aircraft this summer will enable increased frequency on existing routes and the introduction of new destinations.
FLY91 currently operates 12-16 flights daily across six destinations, with plans to expand to 24 flights by mid-May. The airline is set to increase operations to Sindhudurg and Lakshadweep while adding new routes such as Solapur and Hubli. Despite stiff competition from established carriers like IndiGo and emerging start-ups like Air Kerala and Al Hind Air, FLY91 remains confident in its growth strategy.
Sector experts believe that rapid expansion and maintaining competitive pricing will be critical challenges for the airline. The airline recently stopped flying to Bengaluru, its first destination, but continues to focus on optimising revenue management to balance demand fluctuations. With a solid financial backing and strategic route planning, FLY91 aims to strengthen its position in India’s regional aviation market.
