Flywings Simulator Training Centre details FY26 performance and expansion
Flywings Simulator Training Centre conducted its H2 & FY26 post-earnings conference call on June 30, 2026. Management highlighted the company's four business verticals and announced the upcoming launch of a Mumbai facility in Taloja MIDC by October 2026. The facility will house four simulators, including two Airbus A320s and a helicopter simulator, acquired via a lease model to optimize capital efficiency. The MRO division secured a long-term contract with IndiGo, boosting monthly revenue projections. With current facilities running at high occupancy, the company aims for 20-30% growth in FY27.

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Flywings Simulator Training Centre held its post-earnings conference call for H2 and FY26 on June 30, 2026, to discuss financial performance and strategic growth. The management outlined plans to expand its training infrastructure with a new facility in Mumbai and the addition of four simulators. The company is targeting high-margin verticals including cabin crew training, MRO services, and flight training organization (FTO) to capitalize on the growing aviation sector in India.
Business Verticals and Expansion
The company operates across four primary verticals: cabin crew and safety training (B2B), B2C training programs, MRO services, and simulator training. Management emphasized that these verticals are high-margin businesses with exponential growth potential. The Gurgaon facility is currently operating at 90% to 95% occupancy, necessitating expansion. A new facility in Taloja MIDC, Mumbai, is under development and is expected to commence operations by the end of October 2026, with revenue contribution anticipated from the last quarter of the financial year.
Mumbai Facility and Simulator Deployment
The Mumbai facility will house four simulators, including two Airbus A320 simulators and a helicopter simulator. The helicopter simulator, the first of its kind in India, has received approval from the European Union Aviation Safety Agency (EASA) to provide training for three different helicopter types. Management stated that every full flight simulator has the potential to generate revenue in excess of USD 3 million per annum. The simulators are being acquired under a lease model from a Netherlands-based company, a strategy aimed at mitigating the high capital expenditure typically associated with such equipment.
MRO Operations and Client Base
In the MRO segment, Flywings is currently engaged in component maintenance, including wheels, brakes, batteries, and non-destructive testing (NDT). The company has secured a long-term contract with IndiGo for wheels and brakes assembly, which is expected to increase monthly MRO revenue from INR 10 lakhs to INR 15-20 lakhs. The client base includes major airlines such as Air India, IndiGo, SpiceJet, Akasa Air, and various private charter operators. Management noted that the industry's high attrition rate of 25% year-on-year drives consistent demand for training services.
Financial Outlook and Guidance
Management expressed confidence in achieving 20% to 30% growth guidance for FY27. The company is also targeting a revenue of INR 20-25 lakhs per month from its component MRO business by mid-2027. The lease liabilities for the new simulators, estimated at USD 100,000 per month, will only commence upon receiving the Ready for Training (RFT) certification from the Directorate General of Civil Aviation (DGCA), which is expected by the end of December 2026.
| Key Metric | Detail |
|---|---|
| Current Gurgaon Occupancy | 90% - 95% |
| Mumbai Facility Start Date | End of October 2026 |
| Simulator Revenue Potential | > USD 3 million per annum |
| MRO Monthly Revenue Target (Mid-2027) | INR 20 - 25 lakhs |
| Simulator Lease Cost | USD 100,000 per month |
| FY27 Growth Guidance | 20% - 30% |
Historical Stock Returns for Flywings Simulator Training Centre
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | -3.10% | +9.01% | -16.13% | -8.42% | -8.42% |
How will the company balance the USD 100,000 monthly lease liability for the new simulators against the expected ramp-up in revenue before achieving full capacity?
What are the specific strategies to secure international contracts for the new EASA-approved helicopter simulator given it is the first of its kind in India?
Beyond the IndiGo contract, what plans are in place to diversify the MRO client base to mitigate reliance on a few major domestic airlines?





























