FLY91 Leases Two Aircraft from Leading Global Lessor TrueNoord to Support Regional Expansion

Regional airline FLY91 has inducted two aircraft under long-term operating leases from regional aircraft lessor TrueNoord, as it continues a measured fleet expansion focused on strengthening connectivity across Tier-2 and Tier-3 markets.

The Deal
- FLY91, India’s newest regional airline, has signed a lease agreement with TrueNoord, a leading global aircraft lessor specializing in regional jets and turboprops.
- The lease covers two ATR 72-600 aircraft, supporting FLY91’s rapid expansion into underserved regional markets.

Strategic Context
- FLY91 launched operations in March 2024, headquartered in Goa.
- The airline focuses on tier II and tier III cities, connecting smaller towns with affordable, reliable air travel.
- Leasing from TrueNoord provides flexibility and scalability, enabling growth without heavy upfront capital investment.

TrueNoord’s Role
- TrueNoord is recognized for its global portfolio of regional aircraft and partnerships with emerging carriers.
- The collaboration underscores TrueNoord’s confidence in India’s regional aviation growth story.

Growth Plans
- With these aircraft, FLY91 aims to:
- Expand its domestic route network.
- Strengthen connectivity in underserved regions.
- Support India’s government-backed UDAN scheme (regional connectivity initiative).

Why It Matters
- For passengers: More direct flights between smaller cities, reducing reliance on metro hubs.
- For FLY91: Accelerates its ambition to become a leading regional carrier in India.
- For TrueNoord: Reinforces its position as a trusted partner in regional aviation leasing.