+
 Fly Bharathi Aviations secures Rs 150 Bn investment deal
AVIATION & AIRPORTS

Fly Bharathi Aviations secures Rs 150 Bn investment deal

Fly Bharathi Aviation and Aeronautics, recently incorporated as a company in August 2023, has announced a significant step in its expansion plans. The company revealed that it has signed a preliminary agreement with the UK-based SRAM and MRAM Group for investments totaling Rs 150 billion. Additionally, Fly Bharathi Aviation claims to have already acquired a majority stake in an existing airline and is currently engaged in discussions to secure majority stakes in one more Indian airline and two international airlines.

While specific details of these transactions were not disclosed, the investments from SRAM and MRAM Group are expected to fuel the expansion of both domestic and international aviation ventures for Fly Bharathi Aviation.

The newly established company is promoted by Girish Shivshankar Pillai, and its incorporation date is recorded as August 19, 2023. It is registered under the Registrar of Companies (RoC), Chennai, with an authorised capital of Rs 1 million.

This strategic move positions Fly Bharathi Aviation for significant growth and involvement in the aviation industry, both in India and globally, with substantial investments and a focus on acquiring stakes in multiple airlines.

Fly Bharathi Aviation and Aeronautics, recently incorporated as a company in August 2023, has announced a significant step in its expansion plans. The company revealed that it has signed a preliminary agreement with the UK-based SRAM and MRAM Group for investments totaling Rs 150 billion. Additionally, Fly Bharathi Aviation claims to have already acquired a majority stake in an existing airline and is currently engaged in discussions to secure majority stakes in one more Indian airline and two international airlines.While specific details of these transactions were not disclosed, the investments from SRAM and MRAM Group are expected to fuel the expansion of both domestic and international aviation ventures for Fly Bharathi Aviation.The newly established company is promoted by Girish Shivshankar Pillai, and its incorporation date is recorded as August 19, 2023. It is registered under the Registrar of Companies (RoC), Chennai, with an authorised capital of Rs 1 million.This strategic move positions Fly Bharathi Aviation for significant growth and involvement in the aviation industry, both in India and globally, with substantial investments and a focus on acquiring stakes in multiple airlines.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

KONE Opens India's First Digital Experience Centre in Pune

KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..

Next Story
Infrastructure Urban

CII GreenCo Launches Circularity Guidelines for Indian Industry

The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..

Next Story
Infrastructure Energy

Global Electronics Association Launches IPC-1783-CO2E Standard

The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code