Directorate General of Civil Aviation (DGCA), India's aviation regulator, on Tuesday, July 7 allocated flying license to Hyderabad-based Turbo Megha Airways and famous Tollywood actor Ram Charan partially owned the airline.
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Hyderabad-based Turbo Megha Airways, after receiving the flying license from DGCA, would operate a regional airline under the brand name Trujet.
Civil Aviation Minister Gajapathi Raju attended a function in which the airline was handed over the flying permission. The minister was quoted as saying, "We welcome the new airline. It plans to operate some shuttle services during the forthcoming Maha Pushkarna at Godavari before the commencement of actual operations."
The new carrier reportedly has already acquired two 72-seater ATR-72 planes and would induct three more by Jan 2016.
Trujet would operate regional air services to Rajhmundry, Bengaluru and Chennai from its base Hyderabad, he said, adding that the company has seen an initial investment of $20 million.
(With agency inputs)