US-based picks up 49% stake in TruJet airline
New York-based investor Interups Inc. has purchased a 49% stake in regional airline TruJet, operated by Turbo Megha Airways Pvt. Ltd. Financial details of the transaction were not disclosed.
The company, part of Hyderabad-based MEIL Group, said it will utilize the funds to grow its operations.
Trujet currently operates flights to 21 cities, including Hyderabad, Mumbai, Aurangabad, Chennai, Goa, Bengaluru, Tirupati, Vijayawada, Rajahmundry, Ahmedabad and Jaisalmer with a fleet of seven ATR aircraft.
