Fly91 Plans Fleet Expansion to More Than 60 Aircraft, Eyes 50-City Network

Written by: Team Angel OneUpdated on: 11 Jun 2026, 6:15 pm IST
Fly91 plans to expand to 50 cities and grow its fleet to over 60 aircraft, focusing on regional routes with limited air connectivity.
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India's regional aviation market continues to have limited air connectivity, with only around 3% of intercity journeys taking place by air, according to news reports.  

The company estimates that the country could require more than 200 additional regional aircraft as passenger traffic expands beyond major metropolitan centres. 

Fly91 Eyes Network Expansion 

According to Manoj Chacko, Managing Director and Chief Executive Officer of Fly91, the company plans to increase its presence in the regional aviation segment by connecting around 50 cities over the next 5 to 6 years.  

The airline currently operates 6 ATR turboprop aircraft across 12 destinations and runs about 280 flights every week.  

Its proposed expansion includes locations such as Jalgaon, Sholapur, Sindhudurg, Agatti and Kullu, where scheduled air services remain limited. 

Turboprop Fleet Helps Contain Fuel Costs 

The airline operates an all-ATR fleet, which consumes less fuel than larger jet aircraft on shorter routes. According to Fly91, fuel costs typically account for around 22% to 23% of its revenue.  

Following the recent rise in aviation turbine fuel prices, this ratio increased to around 28% to 30%, while jet operators generally report fuel costs in the range of 32% to 40% of revenue. 

Industry Points to Demand Beyond Metro Routes 

ATR currently has around 70 aircraft in service with Indian airlines and manufactures about 40 aircraft each year, with annual global sales of 50 to 60 units.  

The company assembles its aircraft in Toulouse, France, and supplies operators across nearly 100 countries.  

Read MoreIndian Government Removes Excise Duty on High-Blend Ethanol Petrol! 

Conclusion 

Air traffic in India remains concentrated in a relatively small number of cities, leaving several regional routes with limited connectivity. Airlines focused on smaller destinations continue to see room for network expansion as domestic aviation infrastructure develops. 

For daily market updates and regular stock market news in Hindi, stay tuned to Angel One's share market news in Hindi. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.   
 
Investments in the securities market are subject to market risks, read all the related documents carefully before investing. 

Published on: Jun 11, 2026, 12:41 PM IST

Team Angel One

Team Angel One is a group of experienced financial writers that deliver insightful articles on the stock market, IPO, economy, personal finance, commodities and related categories.

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