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Interups Inc picks up 49% stake in Trujet


Interups Inc picks up 49% stake in Trujet
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‘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 Pradesh , Palepu Lakshmi Prasad , Interups Inc , Turbo Megha Airways Pvt , New York Based Interups Inc , Megha Engineering , Infrastructures Limited , Turbo Megha Airways , ஆந்திரா பிரதேஷ் , பலேப்பு லட்சுமி பிரசாத் , டர்போ மேகா வானெறிக்குழுப்பெயர் பிரைவேட் , மேகா பொறியியல் , உள்கட்டமைப்புகள் வரையறுக்கப்பட்டவை , டர்போ மேகா வானெறிக்குழுப்பெயர் ,

Welcome To IANS Live - BUSINESS - US-based Interups picks 49% stake in regional airline TruJet


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New Delhi, April 1 (IANS) New York-based Interups Inc has picked 49 per cent stake in Hyderabad-headquartered Turbo Megha Airways Pvt Ltd operates under the name TruJet.
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Update: 01-April-2021 ....

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Tatas, SpiceJet's founder among few left in Air India race


Tatas, SpiceJet’s founder among few left in Air India race
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Air India employees’ consortia disqualified from bid; Tatas & Ajay Singh among those in race now
NEW DELHI: The race for acquiring Air India is fast narrowing down, with the Tata Group and SpiceJet promoter Ajay Singh among the few left in the bid to take over the airline. A section of Air India employees led by the airline’s director (commercial) Meenakshi Mallik has not made it to the list of qualified bidders.
“We were informed (by transaction advisor Ernst and Young LLP India) on Sunday that we did not make it,” Mallik told TOI on Monday. AI founder Tatas are seen as most likely to re-acquire it, being the only financially strong player in the fray. ....

Meenakshi Mallik , Ajay Singh , Interups Inc , Air India , Tata Group , York Based Interups Inc , மீனாட்சி மல்லிக் , அஜய சிங் , அேக இந்தியா , டாடா குழு ,