Turbo Aviation shows interest in Jet Airways
Hyderabad-based Turbo Aviation Private Limited is the latest to express interest for acquiring the defunct Jet Airways in the ongoing corporate insolvency resolution process, said three persons in the know.
Ashish Chhawchharia, the appointed resolution professional of Jet Airways, had recently informed the Mumbai bench of the National Company Law Tribunal (NCLT) on December 17 that two entities had shown early interest to invest in in the grounded airline.
Turbo Aviation Private Ltd has emerged as one of those entities. Earlier this week, Turbo Aviation Pvt. Ltd had firmed up an investment of about 100 million pounds from a UK based Group. Turbo Aviation had announced its plans to launch a new low-cost airline ‘TruStar’ by mid 2020.
