TrueJet gets govt approval for viability gap funding
VIJAYAWADA: The state government on Sunday issued an order providing viability gap funding (VGF) to the tune of Rs 20 crore per year for continuation of TruJet Airlines flights connecting Chennai, Kadapa and Vijayawada, for one year starting May 1.
A Memorandum of Understanding was signed between the state government, Airport Authority of India (AAI) and the MoCA on June 19 last year for implementation of the Regional Connectivity Scheme of Government of India. Kadapa Airport was notified as an “Regional Connectivity Scheme Airport “ under the Regional Connectivity Scheme (RCS)-UDAN. Airport Director, Kadapa informed that Trujet Airlines is operating at Kadapa Airport under RCS.
