Sirius India Airlines plans to raise USD 100 million through debt and strategic investments to expand its fleet and services, aiming for 50 private jets by financial year 2027.
The funds will help strengthen its domestic presence and expand into markets such as the Far East, Southeast Asia, and East Africa. The company expects to secure the capital by March 2024, with plans to use it for fleet acquisition and international growth.
Sirius launched air charter services in August 2023 in partnership with Dubai’s Transworld Group.
“We are aiming to secure USD 100 million capital by this fiscal and have already started the process to do so. We are looking at these funds both by way of debt as well as from strategic investors and are in discussions with a bunch of lenders and investors,” said Kashyap, who has been formerly with airlines such as Air India and SpiceJet.
The airline currently operates three luxury jets and serves both the domestic market and the Middle East. The company has also partnered with Airavat Aviation to bring luxury private travel to India.
With strong demand across corporate and lifestyle sectors, Sirius plans to add 10 aircraft in the next fiscal year as part of its fleet expansion, targeting high-growth markets and offering both small, medium, and group charter jets.
