flybig, Royal Bengal Holding sign pact for aviation business

Gurugram-based regional carrier flybig on Wednesday announced a strategic investment collaboration with US-based Royal Bengal Holding Inc. The investment from Royal Bengal Holding will focus on flybig's aviation business as the airline seeks to expand its network across India under the regional air connectivity scheme -- UDAAN, flybig said in a statement.

"This strategic investment will be a significant boost to the network expansion of flybig. With Royal Bengal Holding Inc's support, we will be able to expand our operations and provide even more connectivity to underserved areas of the country," Saanjay Mandavia, Chairman and Managing Director of flybig, said.

"We believe flybig has tremendous potential in the Indian aviation market, especially with its focus on the regional operations," Sanjay Singh, promoter-director of Royal Bengal Holding Inc, said.