US-based NS Aviation has acquired an 85 percent stake in the Hyderabad-based budget airline TruJet, which ceased operations in 2022 due to financial troubles.
NS Aviation vice chairman Isha Ali said on June 19 that the total valuation of the deal was around Rs 450 crore and the transaction would be completed soon.
Talking about the company’s India plans, Ali said NS Aviation was planning to induct 100 Airbus 320 Neo aircraft. The airline plans to focus on domestic operations and have flights connecting key metro cities such as Mumbai, New Delhi, Kolkata, and Hyderabad.
The American aviation company has set its sights on covering international routes as well, however, that will be done over the next 18 months, as the company is planning to strengthen its base in India.
- Advertisement -
“We will operate flights to Tier-II and III cities by the end of this year and International destinations by the next one-and-half year,” Ali said.
- Advertisement -
The company also plans to increase its fleet for international operations by adding ten Airbus aircraft for international cargo operations.
Also read : Airports at Jewar, Belagavi, Bhopal and Tirupati to get dedicated MRO facilities
Operations are expected to commence as early as October, with competitive pricing, attractive offers, and complimentary meals to attract passengers, the airline said.
- Advertisement -
Trujet founder and managing director, Umesh Vankayalapati told news persons that the plan is to lease or buy the three ATRs that they previously operated and are lying at Hyderabad airport and kick off flights from Hyderabad to various destinations such as Tirupati, Ballari, Nanded, Belagavi, Mumbai, Ahmedabad, among others. And most of their UDAN routes which were suspended will be resumed.
