FLORIDA- TruJet (2T), the budget carrier that faced a halt in operations due to the pandemic’s impact, is now seeing hope of a Comeback. Based in Florida, NS Aviation has acquired an 85% stake in the airline, valuing it at ₹450 crore.
After suspending operations and ceasing flights in March 2022, TruJet faced a challenging period. However, there is optimism as the airline’s air operator’s permit (AOP) can be renewed until October 2024, according to V Umesh, the promoter and managing director.
TruJet Might Comeback?
Umesh confidently stated that TruJet can resume operations with the support of the new investor. He further revealed that TruJet specializes in UDAN connectivity and holds permission to operate on 116 identified routes.
He further mentioned that aircraft-leasing companies have expressed their willingness to either extend the lease on the three ATR aircraft or even sell them.
The entry of a new investor is a positive development for TruJet, which counts actor Ramcharan among its founders.
Previously, the airline changed ownership before Umesh bought back a 99.1% stake from Megha Engineering Group. Ramcharan currently holds a 0.9% stake in the airline, Umesh confirmed.
Isha Ali, the vice-chairman of NS Aviation, explained that the investment in TruJet is part of a broader plan to launch flight services in India.
Over the next few years, the aim is to operate 100 Airbus A320 aircraft, primarily focusing on connectivity to tier II locations. Additionally, ATRs will be deployed for this purpose.
Ali also revealed plans to introduce heliservices for tourism, air ambulances, and private jets. The NS Group envisions an investment of ₹50,000 crores in the country, showcasing its commitment to the Indian aviation industry.
Read the TruJet Story Here: Trujet Story- Airline on the Verge of Shutdown, only the Miracle can save it | Exclusive – Aviation A2Z
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