Fly91: Can India’s new regional airline chart a different course from its predecessors?
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Airline startup Fly91's Manoj Chacko has got funding from 40 investors including Ramesh Damani; image credit: collage by Sadhana Saxena
Synopsis
Last week, Goa-based startup airline Fly91 got the green signal to start operations. In a country which has proved to be the graveyard of several private airlines over the last two decades, can the latest entrant follow a new flight path?
Three years ago, when Manoj Chacko reached out to investors for funds to give wings to his dream airline, Fly91, he had a hard time getting responses. India’s oldest carrier, Naresh Goyal’s Jet Airways, had just gone bust, and the investor sentiment was at an all-time low. Moreover, the fact that Chacko was part of the founding team behind Vijay Mallya’s Kingfisher Airlines, which had gone bankrupt in 2012, didn’t help either. “They [investors]
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