NS Aviation, a US-based aviation company, announced on Monday that it has acquired an 5% stake in TruJet, a budget airline based in Hyderabad that had ceased all operations in February 2022. The acquisition is valued at Rs 450 crore and is expected to be completed soon, according to Isha Ali, Vice Chairman of NS Aviation.
NS Aviation plans to introduce 100 Airbus 320 Neo aircraft in India and initially focus on domestic operations, with key metro cities such as Mumbai, New Delhi, Kolkata, and Hyderabad as primary destinations. The company also plans to expand into the international market in the near future, utilizing these airports as a foundation.
TruJet expressed excitement about resuming operations with fresh investments from NS Aviation. With a focus on UDAN connectivity, TruJet aims to strengthen its network and serve previously underserved regions, making air travel more accessible to the masses.
NS Aviation plans to cover 116 UDAN routes with TruJet’s current permissions, promoting connectivity across India. The airline aims to add 100 Airbus 320 Neo aircraft to its fleet, focusing on the metro and tier-2 cities. Operations are expected to commence as early as October, with competitive pricing, attractive offers, and complimentary meals to attract passengers.
This acquisition marks a significant step for NS Aviation in expanding its presence in the Indian aviation market and providing affordable air travel options to a wider audience.
These four routes were allocated to Trujet under UDAN-
Belagavi to Hyderabad
Belagavi to Kadappa
Belagavi to Mysuru
Belagavi to Tirupati