FlySBS Aviation is a private jet charter company that sells on-demand luxury air travel to India’s wealthiest families, corporate leaders and diplomats, without asking them to own an aircraft. It was founded in 2020 in Chennai, converted to a public company in late 2024, and listed on the NSE in 2025 - all while building a global reach across six continents through an asset-light model that leases rather than buys its fleet. That recurring approach - own the customer relationship and the operating licence, but lease the metal - is what lets the company scale without the heavy capital burden of buying jets outright. # Business segments A single engine: bespoke private charter flights, sold through direct relationships and travel brokers, operated on a mix of dry-leased and wet-leased aircraft - one business, one revenue stream, one customer promise. ## 1. Private charter: a flying car service for India’s elite **The company sells privacy and flexibility, not just seats - clients pay to skip commercial terminals and fly on their own schedule to destinations that scheduled airlines do not serve directly.** - **Two ways to lease, one service** - FlySBS operates its own dry-leased aircraft (where it provides the jet and crew) and also wet-leases long-range jets from global lessors (where the lessor provides the aircraft, crew and maintenance), giving clients the right plane for every trip length without the company tying up capital in a large owned fleet. - **A 13-seat flagship under its own roof** - the core of the fleet is the Embraer Legacy 600, a 13-seater luxury jet taken on dry lease, which the company used for its first international flight in 2023 and which anchors its domestic and regional offering. A second 13-seater, the longer-range Embraer Legacy 650 capable of non-stop flights from India to the Middle East and Southeast Asia, is being added under the same dry-lease model. - **Wet-leased reach for the long haul** - when clients need to cross oceans, the company taps wet-leased long-range jets such as the Dassault Falcon 2000, Bombardier Challenger 605 and Global 6000, extending its footprint to Japan, the United States, New Zealand, Europe, the Middle East and Africa without owning those aircraft. - **Clients come back** - repeat customers generated roughly 89% of revenue in FY25, a share that stayed above 79% even in the seasonally softer third quarter of FY26, which means the business runs on relationships and trust rather than constant new-client hunting. - **Sold directly, not just listed online** - an in-house sales team supervised by the CEO handles lead generation and client relationships, while a network of 12 travel agents and brokers brings in additional demand; the company also builds its brand through luxury-magazine placements, event sponsorships and membership in global business-aviation bodies such as NBAA. # Safety and maintenance backbone **The operating permit depends on continuous airworthiness oversight, and the company keeps that capability in-house rather than outsourcing it entirely - a regulatory moat that protects the licence to fly.** - **In-house airworthiness team** - a DGCA-approved continuous airworthiness management team and a dedicated quality department maintain the Continuing Airworthiness Management Exposition (CAME), the document that sets out every procedure for keeping aircraft safe and compliant. - **Audited by its own people** - certified personnel trained in CAR M, CAR145, safety systems and human factors conduct regular audits, while third-party maintenance shops are closely supervised to ensure they meet both contractual and DGCA standards. - **One maintenance partner, high uptime** - all heavy maintenance flows to a single DGCA-approved MRO (maintenance, repair and overhaul) facility in Bangalore, which keeps turnaround predictable and aircraft downtime low. - **Small crew, deep training** - the company employs 21 full-time staff plus six on retainer, including a nine-member trained crew, and runs ongoing DGCA-compliant training programmes so that luxury service and safety compliance are delivered by the same people. # Group structure and partners **The company sits within a wider aviation group that gives it shared scale, and it is pushing into the Middle East through a new subsidiary.** - **A sister company in cargo** - FlySBS has strategic synergies with its group company Afcom Holdings Limited, which provides shared scale and expertise that help reduce costs and strengthen competitiveness. The promoter group also includes M/s Shreshtha Business Solutions LLP and M/s Chryseum Corporate Services Private Limited. - **UAE subsidiary approved** - the company has approved the incorporation of a wholly owned subsidiary in the United Arab Emirates to expand its international charter operations. - **Leadership anchored by aviation and finance veterans** - the Managing Director, Capt. Deepak Parasuraman, holds a doctorate in trade and tariff barriers and previously established a cargo airline, while the Whole Time Director and CEO, Mr. Ambashankar, brings experience from Mercedes-Benz, Emirates Trading Agency and Tata Finance.