DAE announces lease of 2 ATR 72-600 to FLY91
Dubai, U.A.E., 17 January 2024 – Dubai Aerospace Enterprise (DAE) Ltd (“DAE”) today announced that it has reached an agreement with FLY91 for the lease of 2 ATR 72-600 aircraft. The aircraft are scheduled to deliver in 2024 and are expected to be the first aircraft to enter FLY91’s fleet.
FLY91 is a regional carrier that strives to enhance air connectivity from tier 2 and tier 3 towns across India. Founded by industry veterans and backed by professional funding, FLY91 aspires to make air travel accessible to every Indian. This vision is reflected in their selection of ATR 72-600 fleet, which is a smart choice for efficient and sustainable operations from most regional airports in the country.
Commenting on the announcement, Firoz Tarapore, Chief Executive Officer of DAE, said, “We are delighted to have reached an agreement with FLY91 as their first operating lessor, supporting their vision to enhance regional connectivity in India. We thank FLY91 for their trust in DAE as a partner and look forward to deepening this relationship over time.”
Manoj Chacko, Chief Executive Officer of FLY91, added, “India’s aviation sector is expanding at an unprecedented rate, and FLY91 is proud to be part of this growth story. We are firmly committed to the country’s development through last mile air connectivity, that aim to serve the unserved & under-served cities in India. As we prepare for take-off, our focus is to provide safe, reliable, and comfortable flights to our customers. We are thrilled to partner with DAE on this exciting journey and are thankful for their reaffirmation on FLY91’s vision for strengthening regional aviation in India”.
DAE currently owns and manages a total of 66 ATR 72-600 aircraft.
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About FLY91
FLY91 (Just Udo Aviation Private Limited) is a pure play regional airline headquartered in Goa, that strives to enhance air connectivity across tier 2 and tier 3 cities in India. Founded by industry veterans and backed by professional funding, FLY91 is committed to enhance last mile air connectivity and will connect over 50 cities across India in the next five years. As part of this plan, FLY91 will induct 30 aircraft into its fleet which will be based at multiple hubs across the country. This vision is reflected in its selection of ATR 72-600 aircraft, which is a robust & established choice for safe, efficient, and sustainable operations for regional airlines globally. For more information, please refer to www.fly91.in.
About DAE
Dubai Aerospace Enterprise (DAE) Ltd is a globally recognized aviation services corporation with two divisions: DAE Capital and DAE Engineering. Headquartered in Dubai, DAE serves over 170 airline customers in over 65 countries from its seven office locations in Dubai, Dublin, Amman, Singapore, Miami, New York, and Seattle.
DAE Capital is an award-winning aircraft lessor with an owned, managed, and committed fleet of approximately 500 Airbus, ATR and Boeing aircraft with a fleet value exceeding US$17 billion. DAE Engineering provides regional MRO services to customers in Europe, Middle East, Africa, and South Asia from its state-of-the-art facility in Amman, Jordan, accommodating up to 17 wide and narrow body aircraft. It is authorized to work on 15 aircraft types and has regulatory approval from over 25 regulators globally. More information can be found on the company’s web site at www.dubaiaerospace.com.
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