Specialist regional aircraft lessor, TrueNoord, has further strengthened its presence in India with the delivery of two ATR 72-600 aircraft on long-term operating leases to Just Udo Aviation Private Limited (FLY91). The first aircraft, MSN 1233, was delivered in late December 2025 and is already operational with the Indian regional airline. The second, MSN 1236, was delivered in mid-January and is expected to start operations with FLY91’s fleet this month.
One of the turboprops will be based in Goa, the headquarters of the pure play Indian regional airline; whilst the other is expected to operate out of Hyderabad, supporting FLY91’s strategy of connecting underserved Tier 2 and Tier 3 city pairs across India.
Manoj Chacko, Managing Director and CEO of FLY91 comments: “FLY91’s partnership with TrueNoord gives us the flexibility to scale our fleet in a disciplined manner, aligned with demand and our long-term regional strategy. The ATR 72-600 aircraft we operate continue to support this approach, offering reliable and efficient operations across our network.
“We are pleased to expand our portfolio of leasing partners by working with TrueNoord, and are delighted to welcome them as our second lessor and an important partner in FLY91’s growth journey.”
Abhineet Awasthi, Commercial & Transaction Manager at TrueNoord explains why FLY91 is the type of airline the lessor seeks to partner with: “FLY91 is customer focused, agile and execution driven, plus its leadership team is transparent and hands-on. The business is built on disciplined operations and a clear regional connectivity strategy. From our first engagement through to delivery, their team demonstrated a pragmatic and solution driven approach. We are pleased to welcome them as a lessee and support their growth plans.”
The delivery of FLY91’s third and fourth aircraft is another step in the carrier’s planned growth to a fleet of 30 aircraft by 2029. It also marks TrueNoord’s third customer in India, expanding the lessor’s footprint in the region as it continues to build partnerships with ambitious airlines that are scaling their networks responsibly.
The transaction included a sale and leaseback of MSN 1233 with FLY91, while MSN 1236 was acquired from Danish Air Transport (DAT) for a back-to-back lease to the Indian carrier. Awasthi adds, “Darius Morozas, Chief Legal Officer at DAT, was closely involved in the transaction. Additional thanks goes to him and his team for their support with the smooth transfer and delivery of the aircraft.”
Anne-Bart Tieleman, TrueNoord CEO, adds, “India’s regional aviation sector continues to accelerate, driven by strong demand growth in Tier 2 and Tier 3 markets and supportive government policy. The UDAN initiative remains a significant catalyst, making regional flying increasingly viable and commercially sustainable. Airlines are seeking aircraft that can be rapidly deployed, operate from smaller airports and deliver low trip cost economics, and TrueNoord is well positioned to provide solutions that match these aspirations.”
