Flywings Simulator Training Centre Ltd IPO

About Flywings Simulator Training Centre Ltd

Our Company was originally incorporated on June 16, 2011 as a Private Limited Company in the name and style of Flywings Simulator Training Centre Private Limited under the provisions of the Companies Act, 1956 with the Registrar of Companies, Maharashtra Mumbai. Subsequently, the registered office of the company was shifted from Mumbai to Haryana and a fresh Certificate of Incorporation was issued on February 09, 2022. Further, pursuant to a special resolution of our Shareholders passed in the Extra Ordinary General Meeting held on March 04, 2024, our Company was converted from a Private Limited Company to Public Limited Company and the name of our Company was changed to Flywings Simulator Training Centre Limited and a fresh Certificate of Incorporation consequent to conversion was issued on May 28, 2024 by the Registrar of Companies, Central Processing Centre bearing Corporate Identification Number U80903HR2011PLC101229.

Insights into global aviation demand, airline services growth, and cabin crew related employment have been sourced extensively from the most recent editions of the Global Market Forecast (GMF) reports published by both Boeing and Airbus. These sources serve as globally accepted benchmarks for evaluating trends in commercial aviation and related human capital requirements. The aviation sector has demonstrated remarkable resilience throughout its history. Despite experiencing significant downturns during multiple global crises including the Gulf crisis (1990), Asian Financial Crisis (1997), 9/11 and SARS outbreaks (2001-2004), Global Financial Crisis (2008-2010), and most recently the COVID-19 pandemic the industry has consistently rebounded to its long-term growth trajectory. The COVID-19 pandemic represented an unprecedented challenge, with annual aviation spending plummeting from $876 billion in 2019 to $396 billion in 2020, a 55% decline. However, by 2023, the industry successfully recovered to pre-pandemic levels, further demonstrating its fundamental strength and resilience.

We are engaged in providing infrastructure facilities for aviation training, with a core focus on safety and emergency procedure (SEP) training for cabin and cockpit crew. Headquartered in Gurgaon, we offer a comprehensive portfolio of training modules designed to align with industry standards and regulatory expectations for airline personnel.

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