FlySBS Aviation Board Seeks Approval For ₹500 Crore Borrowing Limit Increase

Board approved borrowing-limit enhancement to ₹500 crore, subject to shareholder approval, and incorporated 100%-owned Dubai subsidiary with AED 1,00,000 capital. Dubai subsidiary is FlySBS’s first overseas platform and broadens its aviation footprint beyond current operations into aircraft trading, leasing and spares. The subsidiary has nil turnover and has not commenced operations; no aircraft funding, deployment timeline or borrowing drawdown was disclosed.