India’s FLY91 acquires 2 leased ATR72-600 aircraft

A FLY91 ATR72 regional commuter aircraft in flight.
Image Credit: DAE

Dubai Aerospace Enterprise (DAE) Ltd has reached an agreement with FLY91 for the lease of 2 ATR 72-600 aircraft. The aircraft are scheduled to deliver in 2024 and are expected to be the first aircraft to enter FLY91’s fleet.

This acquisition for the Indian regional carrier will support domestic operations particularly in tier 2 and tier 3 towns across the country.

ATR 72-600: The Backbone of FLY91 Fleet

FLY91, a dynamic regional carrier, has set its sights on transforming air travel accessibility for every Indian. Founded by industry veterans and supported by professional funding, FLY91 is committed to serving underserved areas.

Their choice of the ATR 72-600 fleet underscores their dedication to efficient and sustainable operations from a multitude of regional airports.

Scheduled for delivery in 2024, the two ATR 72-600 aircraft are poised to become the trailblazers in FLY91’s fleet. This marks a crucial milestone in DAE’s role as the first operating lessor for FLY91, solidifying their goal of bolstering regional connectivity in India.


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Firoz Tarapore, Chief Executive Officer of DAE, expressed his enthusiasm, stating, “We are delighted to have reached an agreement with FLY91 as their first operating lessor, supporting their vision to enhance regional connectivity in India.”

FLY91’s Vision for Indian Aviation

Manoj Chacko, Chief Executive Officer of FLY91, shared insights into the company’s vision amid India’s burgeoning aviation sector. He commented, “India’s aviation sector is expanding at an unprecedented rate, and FLY91 is proud to be part of this growth story.”

Emphasizing their commitment to the country’s development through last-mile air connectivity, Chacko highlighted their dedication to serving unserved and under-served cities in India.

With a current fleet of 66 ATR 72-600 aircraft, DAE stands as a stalwart in the regional aviation field. Their partnership with FLY91 not only signifies a business transaction but also a shared vision for strengthening regional aviation in India.

Chacko expressed gratitude, saying, “We are thrilled to partner with DAE on this exciting journey and are thankful for their reaffirmation on FLY91’s vision.”

As India’s aviation landscape undergoes rapid transformation, the collaboration between DAE and FLY91 promises to play a pivotal role in shaping the future of regional air connectivity.

About FLY91

FLY91 (Just Udo Aviation Private Limited) is a pure play regional airline headquartered in Goa, that strives to enhance air connectivity across tier 2 and tier 3 cities in India.

Founded by industry veterans and backed by professional funding, FLY91 is committed to enhance last mile air connectivity and will connect over 50 cities across India in the next five years.

As part of this plan, FLY91 will induct 30 aircraft into its fleet which will be based at multiple hubs across the country.

This vision is reflected in its selection of ATR 72-600 aircraft, which is a robust & established choice for safe, efficient, and sustainable operations for regional airlines globally. 

About DAE

Dubai Aerospace Enterprise (DAE) Ltd is a globally recognized aviation services corporation with two divisions: DAE Capital and DAE Engineering.

Headquartered in Dubai, DAE serves over 170 airline customers in over 65 countries from its seven office locations in Dubai, Dublin, Amman, Singapore, Miami, New York, and Seattle.

DAE Capital is an award-winning aircraft lessor with an owned, managed, and committed fleet of approximately 500 Airbus, ATR and Boeing aircraft with a fleet value exceeding US$17 billion.

DAE Engineering provides regional MRO services to customers in Europe, Middle East, Africa, and South Asia from its state-of-the-art facility in Amman, Jordan, accommodating up to 17 wide and narrow body aircraft.

It is authorized to work on 15 aircraft types and has regulatory approval from over 25 regulators globally.

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By Len Varley - Assistant Editor 5 Min Read
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