Deals
India’s WinAir to Buy 79% Stake in Regional Carrier TruJet
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WinAir, India’s first parallel airline that utilizes equipment and flying permit of another operator, will acquire a 79% stake in regional carrier TruJet for 2 billion rupees ($26 million).
WinAir said in a statement that it will take over the management and operations of TruJet, operated by Turbo Megha Airways Pvt. By December, TruJet will fly 17 aircraft a day and have three ATR-600 planes as a backup, it said.