NEW DELHI: India will quickly get a new airways with the aviation ministry on Wednesday issuing a no-objection certificates to “Fly 91” which is being introduced by way of Manoj Chackoa veteran of the trip business.
Using turboprop ATR 72-600, the Panjim-based airline plans to start out flying on this October-December quarter as soon as it will get the DGCA license and hopes to have six planes in its fleet by way of the top of 12 months one. Later it’ll induct 6-7 ATRs yearly over the following 5 years to have about 40 planes by way of the top of that length.
“We are aiming at an October launch, subject to getting all the required clearances. Comfortable journey on ATRs is between 45 to 90 minutes which means we are looking at connecting Goa (Mopa being looked at closely unless Dabolim can come up with a commercially attractive offer) to cities that cannot accommodate a bigger plane and/or where the demand is not adequate to justify deploying bigger planes. These included KolkataSholapur, Nasik, Hubli and Mysore,” Chacko, who has worked with airlines like Emirates and Kingfisher and several travel companies for over 25 years now, told TOI.
The clue to whether Fly 91 will be a full service or budget airline perhaps lies in the name of its holding company — Justudo Aviation Pvt Ltd,
“Our cost structure will be low cost and we will have a single type fleet. We will not be a luxury but a good value product leveraging majorly on digitisation. Our flights will have buy on board (for meals, and beverages),” Chacko stated.
The major anchor investor in Fly 91 is Convergent Finance, which used to be introduced by way of former Fairfax India CEO Harsha Raghavan.
“Then there are different traders too. We will start operations as a smartly capitalized corporate from Day One,” he stated.
After the ministry NOC, the airline now calls for amongst different such things as safety clearance for its administrators and in spite of everything a DGCA license to start operations.
This procedure generally takes about 3-4 months. An early grant of the specified permissions will see India get a brand new airline this coming festive season.
Using turboprop ATR 72-600, the Panjim-based airline plans to start out flying on this October-December quarter as soon as it will get the DGCA license and hopes to have six planes in its fleet by way of the top of 12 months one. Later it’ll induct 6-7 ATRs yearly over the following 5 years to have about 40 planes by way of the top of that length.
“We are aiming at an October launch, subject to getting all the required clearances. Comfortable journey on ATRs is between 45 to 90 minutes which means we are looking at connecting Goa (Mopa being looked at closely unless Dabolim can come up with a commercially attractive offer) to cities that cannot accommodate a bigger plane and/or where the demand is not adequate to justify deploying bigger planes. These included KolkataSholapur, Nasik, Hubli and Mysore,” Chacko, who has worked with airlines like Emirates and Kingfisher and several travel companies for over 25 years now, told TOI.
The clue to whether Fly 91 will be a full service or budget airline perhaps lies in the name of its holding company — Justudo Aviation Pvt Ltd,
“Our cost structure will be low cost and we will have a single type fleet. We will not be a luxury but a good value product leveraging majorly on digitisation. Our flights will have buy on board (for meals, and beverages),” Chacko stated.
The major anchor investor in Fly 91 is Convergent Finance, which used to be introduced by way of former Fairfax India CEO Harsha Raghavan.
“Then there are different traders too. We will start operations as a smartly capitalized corporate from Day One,” he stated.
After the ministry NOC, the airline now calls for amongst different such things as safety clearance for its administrators and in spite of everything a DGCA license to start operations.
This procedure generally takes about 3-4 months. An early grant of the specified permissions will see India get a brand new airline this coming festive season.
