Tuesday, February 18, 2025 | 07:08 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

UK group to invest Rs 950 crore in Turbo Aviation's new airline TruStar

Founded by V Umesh, Turbo Aviation is planning to launch a new airline called TruStar to run the commuter air services under UDAN scheme starting next year

Aviation, airways
Premium

Representative Image

B Dasarath Reddy Hyderabad
A UK based business group is planning to enter the Indian aviation sector by acquiring majority stake in Hyderabad-based Turbo Aviation.  

Founded by V Umesh, Turbo Aviation is planning to launch a new airline called TruStar to run the commuter air services under UDAN scheme starting next year. It had earlier launched TruJet commercial airliner in addition to other services like aircraft maintenance and ground clearance in the past. 

"We had signed an agreement with a large UK business group to dilute majority stake in Turbo Aviation in its favour. We will announce the name of our partner and other

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in