A Mumbai-based company, FA Airlines, is poised to acquire flybig (FLG, Indore), with India's Economic Times reporting that the two partners had inked a provisional merger agreement. The deal would see flybig's now three-strong fleet expand to around 20 aircraft.
Indian company records show FA Airlines Private Limited was incorporated in June 2022 with a paid-up capital of INR1 million rupees (USD12,000). Its two directors are Santosh Bhartiya and Fauzia Arshi. The Economic Times names Arshi as managing director. Arshi and Bhartiya also have directorships in four more companies, namely Mediaman Entertainment Enterprises Private Limited, Dml Studio'z Private Limited, Abhir Advertising Private Limited, and Weme Management & Consulting Private Limited.
Arshi's LinkedIn profile says she is one of India's youngest entrepreneurs who has "changed the dynamics of the corporate world," and heads film production company Daily Multimedia Limited. "At present, she is working on her project in the aviation sector," her profile statement reads.
ch-aviation has contacted FA Airlines and flybig for comment.
flybig commenced operations in late 2020, operating ATR72-500s between tier-two Indian cities. The airline hit turbulence last year, suspending flights in October and soon after had several of its aircraft repossessed. Shortly after that, it said it would focus on DHC-6-400 ops, and currently it operates three of the type with a fourth due to be delivered. ch-aviation PRO airlines data shows flybig currently operates to eight airports in India.
