Aviation: New deal in aviation sector, Fly Big, which provides 'Udaan' service, is going to be sold.

Amidst the continuous development in the Indian aviation sector, the way for a new deal has now been prepared. This deal is going to be done with Fly Big, the company operating under regional aviation service i.e. UDAN. A Mumbai based aviation company is going to buy it.

Initial agreement signed

According to a report by news agency PTI, Mumbai based FA Airlines will soon acquire regional airline Fly Big. Gonna do. The report quoted sources as saying that a preliminary agreement regarding the deal has been signed between the two companies. However, the report has not yet given any information as to when the final deal can be done and what will be the value of the deal.

These companies are operating

FA Airlines has been launched It took place in 2022. This company is also focused on regional aviation services. Its managing director is Fauzia Arshi, who is also associated with the film industry. Whereas Flybig is included among the 6 scheduled regional carriers of India. Currently in India, apart from scheduled domestic airlines like Air India, AIX Connect, Vistara, Indigo, SpiceJet, Akasa Air, there are 6 scheduled regional airlines like Alliance Air, Fly Big, IndiaOne Air, Star Air, Zoom and Fly91.

< p>Scheduled Regional Airlines include those small aviation companies which provide their services under the regional aviation connectivity scheme UDAN launched by the Central Government. Fly Big's fleet consists of 4 aircraft. The company had announced to increase the number of flights to Bathinda, Ghaziabad and Ludhiana on Friday last week. The company is also operating flights in the north-eastern states under the UDAN scheme.

Rapidly growing Indian market

India is considered one of the most prominent aviation markets in the world. India's aviation sector is growing at the fastest pace in the world. The number of domestic aviation passengers is continuously increasing. During January to March 2024, aviation companies provided aviation services to 391.46 lakh passengers in the domestic market and transported them to their destinations.

Also read: US-China tariff war turns disaster into opportunity for India

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