1 month ago
Fly91 Aims for Cash Break-Even by FY27
Fly91, a regional airline in India, is planning to become cash break-even by the end of the financial year 2027.
The airline is expanding its fleet and network despite challenges in the global aviation supply chain and access to finance.
Fly91 aims to have 60 aircraft by 2033 and focuses on connecting underserved Tier-II and Tier-III cities to regional hubs.
The airline operates an all-ATR fleet, which is known for its fuel efficiency and lower maintenance costs.
Fly91 is not heavily dependent on the UDAN scheme, using it mainly to open new markets.
The airline's success in markets like Lakshadweep highlights the potential of regional connectivity.
Fly91's strategy is to grow in a disciplined manner, ensuring that every new aircraft and route makes commercial sense.
Fly91 targets cash break-even by the end of FY27 and P&L break-even the following year.
The airline aims to expand its fleet to 60 aircraft by 2033, starting FY28 with at least 11 aircraft.
Fly91 focuses on connecting underserved Tier-II and Tier-III cities to regional hubs.
The airline operates an all-ATR fleet, known for fuel efficiency and lower maintenance costs.
Fly91 is not heavily dependent on the UDAN scheme, using it to open new markets rather than as a foundation for its business model.
- Who
- Manoj Chacko, MD and CEO, Fly91
- What
- Fly91's growth strategy and profitability roadmap
- Where
- India, focusing on regional hubs and Tier-II, Tier-III cities
- When
- Targeting cash break-even by the end of FY27
- Why
- To build a larger, sustainable regional airline driven by efficiency
Expansion Focus
Profitability Focus
Growth Strategy
Expansion Focus
Fly91 prioritizes expanding its fleet and network to build a larger business, aiming for 60 aircraft by 2033.
Profitability Focus
Some argue that focusing on profitability sooner would be more sustainable, especially given the current financial challenges in the aviation sector.
Key facts
- Current Fleet Size
- 11 aircraft (target for FY28)
- Target Fleet Size
- 60 aircraft by 2033
- Cash Break-Even Target
- End of FY27
- P&L Break-Even Target
- Following year after cash break-even
- UDAN Dependency
- 14 out of 40 daily flights
- Key Markets
- Jalgaon, Pune, Sindhudurg, Lakshadweep
- Operating Bases
- 2 currently, expanding to 6 in 5 years
- Aircraft Type
- All-ATR fleet
Quotes
Manoj Chacko
Managing Director and CEO of Fly91
“"Aviation is a test match, not a T20, and that’s how we’ve approached growth."”
financialexpress.com
Sources
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