City-based TruJet Suspends Services | Nearby News
Home
Newsletters
Stories
Events
LifeStyle
Business
Administration
Politics
Entertainment
Startups

Hyderabad

City-based TruJet Suspends Services
The situation of this regional airline company is bad for so long but they managed somehow. But it has only gotten worse with Corona
N
Nishanth Kumar
Hyderabad
Thu Feb 17 2022
share via :
City-based TruJet Suspends Services
A -
A +

Hyderabad-based airline TruJet has suspended its services. The company's CEO, CFO, and CCO also resigned. TruJet operates seven aircraft. The situation of this regional airline company is bad for so long but they managed somehow. But it has only gotten worse with Corona as the demand has declined. 


Five of the seven planes were taken back by the lessors due to non-payment of rent. The top management of the company is leaving the company and the staff is not being paid for the last three months. At least 100 employees, including pilots, cabin crew, ground staff have quit the company. TruJet launched its services in July 2015. Megha Engineering Infrastructure Limited had a 90 percent stake in TruJet which it disinvested the last year. Ram Charan also owns shares in the company and it is not clear if he disinvested as well. 


The corona came at a time when the company was recovering with the UDAN scheme introduced by the government. The company’s financial situation has also worsened due to the competition in the airline industry. The company has not announced when it will resume its services. Many regional airline companies have struggled and TruJet may be joining the list.


Get your local newspaper delivered to your Email at 7am everyday
Select City
Select City

FOLLOW US

City-based TruJet Suspends Services
City-based TruJet Suspends Services
Latest Articles
Freedom Hyderabad 10K Run Announced
Freedom Hyderabad 10K Run Announced
Pooja Bhatt Joins Rahul Gandhi On Congress’ ‘Bharat Jodo Yatra’ In Hyderabad
Pooja Bhatt Joins Rahul Gandhi On Congress’ ‘Bharat Jodo Yatra’ In Hyderabad
Hyderabad To Double Treatment Capacity Of Hussain Sagar STPs
Hyderabad To Double Treatment Capacity Of Hussain Sagar STPs
List Of 6 Best Cafes In & Around Hyderabad
List Of 6 Best Cafes In & Around Hyderabad
Hyderabad’s Ramesh Races To Victory In C Devender Yadav Memorial Run
Hyderabad’s Ramesh Races To Victory In C Devender Yadav Memorial Run
Formula E Track To Be Ready By End Of November
Formula E Track To Be Ready By End Of November
Pride March To Be Held On Nov 13 After Gap Of 3 Years
Pride March To Be Held On Nov 13 After Gap Of 3 Years
Vendors Meet And Walkathon Organized At BDL
Vendors Meet And Walkathon Organized At BDL
Hyderabad Set To Get Three New Model Corridors
Hyderabad Set To Get Three New Model Corridors
Rahul Gandhi Storms Hyderabad
Rahul Gandhi Storms Hyderabad
Related Articles
French Engine Maker Safran to Set Up $150 Million Facility in Hyderabad
French Engine Maker Safran to Set Up $150 Million Facility in Hyderabad
Retailer Association Declares Hyderabad To Be Best For Ease of Business
Retailer Association Declares Hyderabad To Be Best For Ease of Business
Hyderabad Becoming Hub for Global Restaurants
Hyderabad Becoming Hub for Global Restaurants
This 24/7 Open Store Making Life Easy For Hyderabadis
This 24/7 Open Store Making Life Easy For Hyderabadis
Hyd-based Atirath Gets Funding From Kalaari Capital
Hyd-based Atirath Gets Funding From Kalaari Capital
Way2News Raises Rs 130 Crore in Funding
Way2News Raises Rs 130 Crore in Funding
Corporates Depending On Flytta for Asset Relocation
Corporates Depending On Flytta for Asset Relocation
Pista House All Set To Go Global
Pista House All Set To Go Global
Hotels, Restaurants Bounce Back After Pandemic Lull
Hotels, Restaurants Bounce Back After Pandemic Lull
Mouri Tech To Create 3000 Jobs in Hyderabad
Mouri Tech To Create 3000 Jobs in Hyderabad
City Turning Out To Be Data Centre Hub for Major IT Giants
City Turning Out To Be Data Centre Hub for Major IT Giants
Google's Second Largest Campus in Hyderabad
Google's Second Largest Campus in Hyderabad
E-com, Consumer Durable Companies Drive Warehousing Demand in City
E-com, Consumer Durable Companies Drive Warehousing Demand in City
Hyd-based Cyient Acquires Citec in Finland
Hyd-based Cyient Acquires Citec in Finland
Pharma Hub Hyderabad Attracts Further Investments
Pharma Hub Hyderabad Attracts Further Investments
Skootr All Set to Invest Rs 75 Crore in Hyderabad
Skootr All Set to Invest Rs 75 Crore in Hyderabad
Subscribe to our Newsletter
Get your local newspaper delivered to your Email at 7am everyday
Select City
Select City
logo
hi@nearbynews.in
Gachibowli, Hyderabad - 500032
nearby news © - 2022