India’s flybig Gets New Investor with EaseMyTrip Stake Deal
Indian travel agency EaseMyTrip has announced plans to acquire a 49% minority stake in regional and charter airline flybig, marking its entry into India’s growing charter aviation market. The investment follows in-principle approval by EaseMyTrip’s board to acquire the stake in Big Charter Pvt Ltd, flybig’s legal entity.
This strategic move allows EaseMyTrip to expand into high-margin sectors such as charter services and non-scheduled operator permit (NSOP) operations. The Indian charter aviation market is currently valued at USD 650.5 million and is projected to reach USD 1.14 billion by 2033. With rising demand from corporate travelers, high-net-worth individuals, and private event clients, the sector presents strong growth opportunities.
The partnership is expected to enhance flybig’s operational efficiency through EaseMyTrip’s advanced booking and pricing technologies. Flybig reported INR 1.2 billion (USD 14 million) in revenue for the 2023–24 fiscal year and is optimistic about future growth driven by regional connectivity and charter services.
EaseMyTrip chairman Nishant Pitti said, “This partnership is a crucial step toward making charter air travel more accessible across India.” Pitti has also shown interest in acquiring and reviving Go First, the defunct Indian budget airline.
According to ch-aviation data, flybig currently operates four DHC-6-400 aircraft, with one owned and three leased, and another on order. The airline serves multiple regional destinations from its Indore base, including Azamgarh, Ludhiana, Moradabad, Bathinda, Aligarh, and Shravasti, contributing to improved regional connectivity in India.
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Sources: AirGuide Business airguide.info, bing.com, ch-aviation.com