flybig has secured a strategic investment from Royal Bengal Holding Inc, a recently established company using a suburban bungalow in Florida as its registered address. The size and nature of the investment, as well as its terms and conditions, remain undisclosed.
“This strategic investment will be a significant boost to the network expansion of flybig,”said the Indian regional carrier’s chairman, Saanjay Mandavia, in a statement. “With Royal Bengal Holding Inc’s support, we will be able to expand our operations and provide even more connectivity to underserved areas of the country.”
flybig presently operates across 14 routes within India, linking Agartala, Dibrugarh, Guwahati, Imphal, Donyi Polo, Kolkata, Pasighat, Patna, Rupsi, and Tezu. The airline operates three ATR – Avions de Transport Régional turboprops, including one ATR72-500 and two ATR72-600s all of which are leased from Avation and DAE Capital.
Avation PLC (LON:AVAP) is a commercial passenger aircraft leasing company owning a fleet of aircraft which it leases to airlines across the world. Avation’s future focus are new technology low CO2 emission aircraft.