US-based investor Interups which had shown an interest in bidding for Air India has agreed to buy a 49% stake in regional airline TruJet, said a statement.
“The funds raised through 49per cent FDI in the company, will be utilized 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,” said KV Pradeep, group director Megha Engineering and Infrastructures Limited, which owns TruJet.
