Flypop, a new international long-haul, low-cost airline which plans to launch in 2021 with scheduled flights from the UK to India, has announced that it has signed a lease deal for multiple Airbus A330-300 aircraft with aircraft lessor Avolon.
The start-up carrier, which has received investment from the UK Government’s Future Fund, has been preparing for launch and grown its team significantly. Charlie Clifton, flypop Senior Operations Adviser and Board Member commented: “The incumbents have been badly wounded after 18 months without any revenue but plenty of costs and debt. flypop, on the other hand has avoided any exposure to the pandemic and consequently is in the unique and fortunate position to extract maximum advantage from the lower costs resulting from the crisis.”
“flypop’s cost of entry is much lower now than it would have been pre-Covid-19. Low fares always stimulate greater demand. The sector is currently on the floor, but the market will return strongly.”
October start date planned
According to Navdip Singh Judge, CEO & Principal of flypop, as a twin-engine, double-aisle wide-body that can carry over 400 passengers, the A330-300 aircraft will deliver the lowest seat prices to India for passengers. “With this lease deal we have been able to submit our AOC license application to the UK Civil Aviation Authority and expect our first flights to commence by October. And many thanks to the UK Government’s Future Fund for its financial assistance, which has enabled us to raise further funding. Increased flight connectivity, especially on new routes, will create much needed economic benefits for both the UK and India.”
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