There is a new regional airline in the offing and it has some strong Goan connections. For a start, it will be based out of Goa and its founder is local boy Manoj Chacko.
Set to take off in September this year, Fly91 is promoted by Manoj Chacko, an aviation veteran and co-founded by Harsha Raghavan, who will meet the initial investment of Rs 200 crore through his investment firm Convergent Finance.
Raghavan will be Fly91’s chairman, and Chacko, who was born and pursued his schooling and higher education in Goa, will be the chief executive officer.
Chacko is an alumnus of Goa College of Engineering, Goa University, and was executive vice-president of Kingfisher Airlines. He was also the chief operating officer and CEO of SOTC and has held various positions in airlines and travel companies.
Fly91 (91 is India’s country dialling code), has applied for the initial no-objection certificate with the civil aviation ministry and is planning to operate leased 70-seater ATR 72-600 turboprop jets, for which it is in discussion with plane leasing companies.
The September 2023 operations target will see the airline start with two aircraft, before adding another four in the first year of operations and 32 planes in five years.