FLY91 Leases Two Aircraft from Leading Global Lessor TrueNoord to Support Regional Expansion
~ The FLY91-TrueNoord partnership supports disciplined fleet expansion and widens the Indian regional airline’s Tier-2 and Tier-3 connectivity.
~ Specialist global regional aircraft lessorTrueNoord becomes FLY91’s second aircraft lessor.
Panaji, Feb 2026 – – 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 first aircraft entered service in December 2025, while the second, delivered in January 2026, is scheduled to begin operations in February. With this transaction, TrueNoord becomes FLY91’s second aircraft lessor.
“This partnership gives us the flexibility to scale our fleet in a disciplined manner, aligned with demand and our long-term regional strategy,” said Manoj Chacko, Managing Director and CEO, FLY91. “The addition of a second leading global lessor to our portfolio is a significant reaffirmation of FLY91’s operational strengths, governance standards and execution capability,” he added.
One of the newly inducted aircraft will be based in Goa, the airline’s home base, while the other will operate from Hyderabad, reinforcing FLY91’s dual-hub strategy and its focus on underserved regional routes.
According to Harsha Raghavan, Chairman of FLY91 and Managing Partner at Convergent Finance, the collaboration supports responsible scaling. “The partnership with TrueNoord enables growth while maintaining financial and operational discipline,” he said.
India’s regional aviation market continues to gain momentum, driven by rising demand from smaller cities and policy support under the UDAN scheme. “TrueNoord is delighted to partner with FLY91 and support its growth plans,” said Anne-Bart Tieleman, CEO of TrueNoord. Regional flying in India is becoming increasingly viable and commercially sustainable. Airlines like FLY91 are seeking aircraft that can be rapidly deployed, operate from regional airports and deliver low trip-cost economics,and TrueNoord is well positioned to support such requirements.
Abhineet Awasthi, Commercial & Transaction Manager at TrueNoord.shares the lessor’s perspective on FLY91’s operating approach. “FLY91 is an agile, execution-driven airline with a clear regional connectivity focus. The team demonstrated a pragmatic, solution-oriented approach throughout the transaction.”
With this induction, FLY91’s fleet expands to four aircraft. The airline currently serves nine destinations and plans to grow its network to 15 destinations in the first quarter of 2026, with two additional aircraft expected to join the fleet by the end of Q4 FY2026.
About TrueNoord:
TrueNoord is a specialist full-service regional aircraft lessor providing leasing, financing, fleet transition and asset management solutions in the 50 to 150 seat capacity range to airlines globally. TrueNoord’s team is led by experienced professionals with a shared history of success, and is complemented by a dynamic young team who bring fresh perspective. TrueNoord’s multi-cultural workforce reflects the global markets that it serves and includes core competencies in aviation finance, aviation law, aircraft maintenance, marketing, sales, and leasing.
TrueNoord currently owns a fleet of more than 100 latest technology turboprop, regional jet, and crossover aircraft on lease to more than 30 operators across 24 countries. These link remote locations to larger urban areas, providing a feeder service to major hubs, and fulfil carriers’ lower demand off-peak services in the growing global market.
The Company is supported by cornerstone investors Freshstream, BlackRock, Patria and others. Headquartered in Amsterdam, TrueNoord also has offices in Dublin, London, and Singapore.
For further information, please visit us at www.truenoord.com.
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.
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