Hyderabad: Low-cost carrier, operated by Turbo Megha Airways, which
recently received approval from the DGCA, will undertake full-fledged
services from July 26.
The airline, promoted by former Congress MP and actor K Chiranjeevi’s son and actor Ram Charan Tej, has two 72-seater ATR 72-500 aircraft obtained on dry lease from an Irish company, and hopes to acquire five aircraft in total in a phased manner.
According Turbo Megha Airways Director Prem Kumar, the promoters have so far invested Rs 500 crore in the venture and expect to break even in the next 3-4 years of time.
The airline, which has an agreement for maintenance with the GMR airports MRO at Shamsabad airport here, will have its own Component MRO in place at a cost of Rs 20 crore, which will be operational by the end of this year.
Read news in full 11/07/15 Deccan Herald
The airline, promoted by former Congress MP and actor K Chiranjeevi’s son and actor Ram Charan Tej, has two 72-seater ATR 72-500 aircraft obtained on dry lease from an Irish company, and hopes to acquire five aircraft in total in a phased manner.
According Turbo Megha Airways Director Prem Kumar, the promoters have so far invested Rs 500 crore in the venture and expect to break even in the next 3-4 years of time.
The airline, which has an agreement for maintenance with the GMR airports MRO at Shamsabad airport here, will have its own Component MRO in place at a cost of Rs 20 crore, which will be operational by the end of this year.
Read news in full 11/07/15 Deccan Herald
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