Flywings Simulator Training Centre Ltd IPO

Simulator Infrastructure Aligned with Majority of Indian Fleet Types.

Recurring Revenue Streams Supported by High Switching Costs.

Regulatory Compliance Model That Enables Operational Flexibility.

Strategic Location with Significant Entry Barrier Advantages.

A criminal proceeding has been initiated against its Group Company in which one of the company Promoters is a former direct; any adverse outcome may impact the Companys reputation and operations.

There are outstanding legal proceedings involving our Company, Promoter, Directors. Any adverse decision in such proceeding may have a material adverse effect on our business, results of operations and financial condition.

There is a criminal litigation against our Group company Big Charter Private Limited (BCPL) in which our companys promoter and managing director Ms. Rupal Sanjay Mandavia was a director. If this case is decided against our group company, it will cause loss of reputation of the Company and that may affect our business, operations and financial conditions.

We are heavily dependent on our equipments for our operations. Any break-down of our equipment will have a significant impact on our business, financial results and growth prospects.

Our business is geographically located in one area, Gurgaon. Any loss or shutdown of operations at any of our facilities may have an adverse effect on our business and results of operations.

The foundation of our business lies in the contractual agreements we establish. Many of our client contracts can be terminated with or without cause by providing notice and without termination-related penalties.

We could become liable to customers, suffer adverse publicity and incur substantial costs as a result of defects in our services, which in turn could adversely affect the value of our brand, and our services could be diminished if we are associated with negative publicity.

One of the Object of the issue is to acquire the south African company Skyhawk Aviation (Pty) Limited. There may be inherent uncertainties and risk associated with this acquisition.

We may fail to realise targeted synergies or other anticipated benefits from the acquisition of Skyhawk Aviation (Pty) Limited.

We derive a majority portion of our revenue from operations from our top 10 customers, contributing 100% revenue from operations for the financial year ended on March 31, 2024. Loss of one or more of these customers or a reduction in the amount of business we obtain from them could have an adverse effect on our business, results of operations, financial condition and cash flows. Further, we do not have long-term agreements with any our customers.