The airline focuses on enabling the next 100 million Indians to take flight, with emphasis on regional towns in India. By 2025, Fly91 plans to fly to at least 12 cities, and in the next five years, aims to fly to at least 50 cities from six bases. The company has selected ATR 72-600 aircraft for efficient and sustainable operations from regional airports.
Cyborg Score Rationale
Fly91 operates with a fleet of three ATR-72 aircraft from Manohar International Airport in North Goa. As a newly operational carrier (launched March 2024) with ambitious growth plans and backing by industry veterans, the airline faces execution risk but has favorable government support through the UDAN scheme. Strong market timing in India's underserved regional aviation segment supports near-term growth.
Top Insights
Fly91 received its Air Operator's Certificate (AOC) on March 6, 2024, after proving flights.
The airline adopted IATA code 'IC', which was previously used by Indian Airlines that closed in 2011.
Fly91 has been funded with ₹200 crore (approximately USD $24 million) equity to begin operations.
Over the next five years, the airline plans to add 6-7 aircraft per year and will have a total of 30-35 aircraft.
Named Competitors
Regional Services — Indian regional airline serving tier-2 and tier-3 cities
Regional Services — Budget carrier with expanding regional operations
Trunk Route Dominance — India's largest airline with significant domestic network
Recent Developments
(January 2025) In response to the Indian Government's approval of three more regional carriers in January 2025, Fly91 leased two more ATR 72-600 planes from Dubai Aerospace Enterprise to be delivered by February that year.
(August 2025) Fleet expansion underway with additional ATR aircraft deliveries
(March 2024) After the first inaugural flight service from Goa to Lakshadweep was operated, the airline began regular flights from Manohar International Airport, Goa and Sindhudurg to Bengaluru and Hyderabad from March 18, 2024.
Open the full interactive Fly91 (Just Udo Aviation Private Limited) report
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