ABSTRACT The intricacies of relay-aided device-to-device (D2D) communication within the novel fluctuating two-ray (FTR) model is inspected in this study. Two cases with respect to co-channel interference are considered here, in case A, co-channel interferences due to unmanned aerial vehicles affect the relay while at the D2D receiver, the co-channel interferences follow the FTR model. In case B, interferences due to unmanned aerial vehicles affect the D2D receiver and the relay now experiences interferences over the FTR channels. The channel of a co-channel interference due to unmanned aerial vehicle is assumed to be a recently proposed single-shadowing based composite fading model. Further enhancing operational efficiency, the D2D receiver incorporates a power splitting mechanism for power harvesting. In this analysis a characteristic function-based approach is applied, which serves as the foundational cornerstone for deriving expressions that govern the outage and success probabilities. These intricate expressions are connected with critical factors, such as the dynamics of path-loss phenomena, the spatial separation between the interferers and the relay, the varying distances between the interferers and the D2D receiver, and the physical gap bridging the relay and the D2D receiver. Building upon the derived expressions, an extensive numerical analysis unfurls them for both interference cases.