Operator in UDAN routes, Trujet, garnered 49 per cent Foreign Direct Investment (FDI) to expand its operations. New York-based INTERUPS Inc. came forward to take a 49 per cent stake in Turbo Megha Airways Pvt Ltd, which owns and operates under the name Trujet.
Speaking on this occasion, Mr K.V. Pradeep, Group Director, MEIL and Mr. Palepu Lakshmi Prasad, Chairman of INTERUPS Inc., jointly stated, “The funds raised through 49per cent FDI in the company, will be utilised to expand its operations pan India and explore the newer opportunities in the civil aviation sector. We will finalise the exact final amount at a later stage.”
Trujet (Turbo Megha Airways Private Limited, a part of MEIL group) commenced its operations in July 2015 and now flies to 21 destinations under India’s scheme Ude Desh ka Aam Naagrik (UDAN).
The destinations include Hyderabad, Mumbai, Aurangabad, Chennai, Goa, Bangalore, Tirupati, Vijayawada, Kadapa, Rajahmundry, Ahmedabad, Porbandar, Jaisalmer, Nashik, Jalgaon, Cooch Behar, Buranpur, Tezu. TruJet has also been operating in Belagavi, Bidar, Mysore and Vidyanagar in Karnataka.
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