Trujet Garners 49% FDI to Expand its Operations
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USA-based INTERUPS Inc. has agreed to pump funds
HYDERABAD, India, April 1, 2021 /PRNewswire/ The only successful operator in UDAN routes, Trujet, garnered 49 per cent Foreign Direct Investment (FDI) to expand its operations. New York-based INTERUPS Inc. came forward to take a 49 per cent stake in Turbo Megha Airways Pvt Ltd, which owns and operates under the name Trujet. TruJet, successfully operates flights to 21 stations, including tier-2 cities with 7 ATR aircraft.
Trujet Flight
On this occasion, Mr K.V. Pradeep, Group Director, MEIL and Mr. Palepu Lakshmi Prasad, Chairman of INTERUPS Inc., jointly stated, The funds raised through 49per cent FDI in the company, will be utilised 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.