Regional airline FLY91, which will commence its commercial flights on March 18, will have around 350 staff at the end of the first year of operations and aims to break even within two years, according to a top executive. The Goa-based airline currently has two ATR 72-600 planes in its fleet and four more aircraft will be added in the first year of operations.
The carrier’s MD and CEO Manoj Chacko said there is no need to raise funds now, as it will also be getting Viability Gap Funding (VGF) under the regional air connectivity scheme UDAN.
