Just about a week after a New York-based investment company bought a 49% stake in TruJet (2T, Hyderabad Int’l), the regional manager is reportedly in talks with Airbus and Embraer to get the 54 A220s and 54 E190s, orders expected to be completed by the end of May.
Laxmi Prasad, chairman of Interups, who claims to be in charge of US $ 10 billion worth of assets, told Indian online site news Moneycontrol that the airline aims to expand its network across India and overseas as it tries to penetrate other areas. as part of that he said it was a plan of USD1.9 billion for the airline.
“We plan to expand resources to the length and breadth of the country, overseas, and enter into categories such as property, private charts, and helicopter ambulance services. We will work full time, ”he said.
“We have set aside USD1.89 billion for planned investment in Air India (AI, Mumbai Int’l). That is not happening now. We would like to invest that money in this investment. This will be for the next three years, ”he explained.
The expansion of the fleet will drive Trujet to compete with airlines such as AirAsia India, GoAir, and Vistara. According to advanced ch-aviation fleets and ch-aviation capacities modules, the Hyderabad Int’l-based carrier currently operates only seven 9.6-year-old aircraft – five of the ATR 72-500s and two ATR 72-600s – on a network of There are 23 Indian routes, most of which are Tier-II cities under the Regional Connectivity Scheme (RCS) / Ude Desh ka Aam Naagrik (UDAN), the Indian government’s airline development program.
In February 2021, Trujet had a market share in India of 0.6%, down from 0.7% in the same month last year.
“Embraer will supply three aircraft every two months. Airbus plans will see one flight come every 1.5 months, or nine flights a year. Therefore, it could take up to six years for an Airbus order to be delivered, lower by Embraer, ”Prasad explained.
He told Moneycontrol that “Airbus and Embraer have already identified other airlines. And with the addition of these, it will take us to a group of 21 people almost immediately. ”
According to regulations on the aviation industry, Indian carriers must have at least 20 aircraft on board before international operations can take place.
Prasad said he would “fully participate in Trujet’s administration” and that he was in the process of appointing a former “chief technology officer” at Indian Airlines, which met with Air India in 2007. that his program will see Hyderabad emerge as an important harp, adding: “I have an emotional connection with Hyderabad, because that’s where I grew up.”