New Delhi: Taking forward expansion plans, regional airline FLY91 is considering making the upcoming Noida and Navi Mumbai airports its base.

The airline, which is based at Goa's Mopa airport, began operations in March and currently flies to seven destinations with a fleet of two aircraft.

The airline will have six aircraft by the end of this year, its MD and CEO Manoj Chacko said on Thursday.

Speaking to reporters on the sidelines of the CAPA India Aviation Summit 2024 here, he said the airline is actively considering making Noida and Navi Mumbai airports as one of its bases.

The carrier is exploring opportunities to build multiple bases in the country, with Chacko stressing that it has a flexible business model.

It aims to create five bases and connect 50 destinations in 5 years.

Chacko said the second phase of expansion will take place in the next financial year.

The Goa-based carrier, which will have a fleet of 70-seat ATR 72-600 aircraft, has raised US$25 million.

Chacko said the airline aims to be loss-making in the latter half of the next financial year.

The airline is promoted by former senior Kingfisher Airlines executive Chacko, former Fairfax India chief Harsh Raghavan and others.