India’s flybig secures strategic investment

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.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
X
LinkedIn
Avation plc

More articles like this

Avation plc

Vietnam’s regional aviation boom unlocks growth and connectivity

Vietnam’s aviation sector is on the brink of transformation. ATR, the world’s leading manufacturer of regional aircraft, has unveiled a compelling whitepaper, “Propelling Vietnam’s Regional Aviation,” showcasing the immense potential of regional air connectivity. Presented at

Avation plc

ATR strengthens its commitment to gender equality in aviation

On International Women’s Day, ATR reaffirmed its dedication to fostering gender equality and inclusion within the company and across the aviation industry. By implementing long-term initiatives and driving awareness, ATR continues to shape a more diverse

Avation plc

Avation expands its portfolio with Airbus A320 acquisition

Avation continues to strengthen its fleet and diversify its customer base with the acquisition of an Airbus A320 on lease to Etihad Airways. This strategic move enhances Avation’s portfolio, reinforcing its position in the commercial passenger

Avation plc

ATR brings Starlink high-speed internet to regional air travel

ATR, the global leader in regional aircraft manufacturing, is revolutionising passenger experiences with the integration of Starlink high-speed internet across its fleet. Following rigorous tests on its ATR 72-600 aircraft and certification by EASA, ATR is

Avation plc

Avation PLC thriving amid strong air travel demand

Avation, a Singapore-based aircraft leasing company, strategically positions itself in the thriving aviation sector amid supply chain constraints, focusing on shareholder value and sustainable growth.

Avation plc

Avation concludes share buyback

Avation PLC (LON: AVAP), has announced that it has concluded a repurchase of 7,800,000 shares, through the market, at 150p each, representing 10.45% of the 74,671,886 ordinary shares in issue. Repurchased shares will be held in treasury.