Fly Sirius Aims to Raise $100M for Fleet Expansion

Take Flight with Fly Sirius: $100M Funding Goal in Sight

By March 2028, Fly Sirius intends to raise USD 100 million through debt and other means to finance its expansion to a fleet of 50 business jets.

The airline's founder and promoter, Arun Kashyap, previously the company's chief operating officer, told Indian media that the capital should be wrapped up by March 2025. The first ten new aircraft are anticipated to be added to the fleet in 2025. The fleet expansion will start in earnest in the fiscal year 2026.

"We are looking at these funds both by way of debt and from strategic investors, and we are in discussions with a bunch of lenders and investors," Kashyap said.

The business charter expert was founded earlier this year and is presently based in Delhi and runs a single Hawker 4000. According to Kashyap, Fly Sirius plans to add aircraft that can conduct "group charters" in addition to focusing primarily on small and midsize business jets. Due to the fleet expansion, the operator will also pursue foreign markets in the Far East and the Middle East.

Fly Sirius

A leading supplier of air charter services in India, Fly Sirius specializes in opulent travel and is dedicated to the highest quality and security standards. It is a joint venture between Sirius India Airlines and Airavat Aviation, both owned by Transworld Groups.