flybig (FLG, Indore) has secured a strategic investment from Royal Bengal Holding Inc, a recently established company using a suburban bungalow in Florida as its registered address. The size and nature of the investment, as well as its terms and conditions, remain undisclosed.
"This strategic investment will be a significant boost to the network expansion of flybig,"said the Indian regional carrier's chairman, Saanjay Mandavia, in a statement. "With Royal Bengal Holding Inc's support, we will be able to expand our operations and provide even more connectivity to underserved areas of the country."
According to US company records, Royal Bengal Holding Inc registered as a for-profit entity in December 2022 , with a private residence in Coral Springs, Florida, used as the registered address. Its sole director is Sanjay Singh, who is also listed as a director of seven other companies, including Royal Bengal Logistics Inc., and North America Aerospace LLC.
"We believe flybig has tremendous potential in the Indian aviation market, especially with its focus on the regional operations," said Singh in a statement provided by flybig. When approached by ch-aviation, Singh declined to provide specifics on the funding deal, but said he believed the airline had a bright future.
flybig is a regional airline based in Gurugram, a satellite city just southwest of Delhi. According to its website, the flybig business model revolves around India's Ude Desh ka Aam Naagrik (UDAN) scheme, a subsidiary program of the Regional Connectivity Scheme, which seeks to improve regional airport infrastructure and bolster regional aviation.
The ch-aviation PRO airlines modules reveals that flybig presently operates across 14 routes within India, linking Agartala, Dibrugarh, Guwahati, Imphal, Itanagar Donyi Polo, Kolkata, Pasighat, Patna, Rupsi, and Tezu. The airline operates three ATR - Avions de Transport Régional turboprops, including one ATR72-500 and two ATR72-600s all of which are leased from Avation and DAE Capital.
