/
•
•
Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The Manoj Chacko-led regional airline has had a promising start. Will the lessons of the past keep it on course while it expands?
Manoj Chacko has accomplished what his former boss Vijay Mallya couldn’t with the popular but loss-making Kingfisher Airlines. FLY91, a regional airline he started in March 2024, managed to turn a profitable quarter.
“FLY91 was profitable in the third quarter of FY26,” says Chacko, showing a slide from an investor presentation on his laptop, as we sit across a table at a central Mumbai cafe.
FLY91’s upward trend, however, dips and slips into the red in the fourth quarter of the fiscal. “Profitability declined in the fourth quarter following the induction of additional capacity, which resulted in higher operating expenses,” …
As the low-cost carrier pushes through a compensation overhaul, the absence of a CEO is complicating a delicate moment.
The two new chief executives at Air India and IndiGo come with contrasting reputations but face the same challenge—do their predecessors one better.
A regulatory easing could see the billionaire’s conglomerate move from running airports to owning an airline—an idea he is warming up to, with multiple options open.
