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Signal: Bangalore Airport investment driven by business travel

The second-most valuable M&A in India in Q2 was NS Aviation’s 85% stake in Hyderabad’s regional airline TruJet.

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Scindia may form advisory group to cover small airlines, Star Air and Turbo Megha to be on board

Scindia may form advisory group to cover small airlines, Star Air and Turbo Megha to be on board
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Trujet Garners 49% FDI to Expand its Operations

Trujet Garners 49% FDI to Expand its Operations News provided by Share this article 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.

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Interups Inc picks up 49% stake in Trujet

Interups Inc picks up 49% stake in Trujet Updated: Updated: Share Article AAA ‘Hyderabad-based regional airline Trujet on Thursday announced 49% foreign direct investment from New York-based Interups Inc in a move that would aid in the expansion of its operations. “The funds raised through 49% FDI in the company will be utilised to expand operations pan India and explore newer opportunities in the civil aviation sector, “ said K.V. Pradeep, group director, MEIL (Megha Engineering and Infrastructures Limited) and Palepu Lakshmi Prasad, chairman of Interups Inc., in a joint statement. The funding would be decided at a later stage. Trujet is a regional air carrier promoted by Turbo Megha Airways Pvt. Ltd. It has seven planes and serves almost 21 destinations across India, including those awarded to it under the government’s regional connectivity scheme.

Andhra pradeshPalepu lakshmi prasadInterups incTurbo megha airways pvtNew york based interups incMegha engineeringInfrastructures limitedTurbo megha airwaysஆந்திரா பிரதேஷ்பலேப்பு லட்சுமி பிரசாத்டர்போ மேகா வானெறிக்குழுப்பெயர் பிரைவேட்மேகா பொறியியல்உள்கட்டமைப்புகள் வரையறுக்கப்பட்டவைடர்போ மேகா வானெறிக்குழுப்பெயர்

Interups close to buying majority stake in Trujet - The Hindu BusinessLine

Interups close to buying majority stake in Trujet March 02, 2021 Trujet links main cities with Tier-2 and -3 cities using eight ATR 72 aircraft, under UDAN - The Hindu Trujet links main cities with Tier-2 and -3 cities using eight ATR 72 aircraft, under UDAN - The Hindu× US-based fund also backs Megha Engg for Shipping Corp bid US-based Interups Inc is close to signing an agreement to buy a majority stake in Trujet a scheduled regional carrier holding a scheduled commuter operator permit from Hyderabad-based Megha Engineering & Infrastructures Ltd, multiple sources said. The New York-based fund, led by Indian-born Laxmi Prasad, has also backed Megha Engineering & Infrastructures, which had submitted an expression of interest (EoI) for the privatisation of state-run carrier Shipping Corporation of India Ltd on Monday.

Laxmi prasadCorporation of india ltd onTurbo megha airways pvt ltdInterups incAir indiaMegha engineering infrastructures ltdTurbo megha airwaysHyderabad based megha engineeringInfrastructures ltdNew york basedIndian born laxmi prasadMegha engineeringShipping corporationIndia ltdInc chairman laxmi prasadAndhra pradesh

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