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TruJet to induct up to 7 ATRs; to expand 20 more routes

Press Trust of India  |  Hyderabad 

Regional carrier today said it plans to acquire five to seven ATRs and expand the network to 20 more routes by the end of the current fiscal.

The carrier currently has five ATR-72s and connects 14 destinations including some under Centre's Udan (Ude Desh Ka Aam Nagrik) scheme, of Ltdwhich operates TruJet, said.

"We have 14 destinations at present. We are adding close to 20 more destinations in coming months. At present we are operating five ATRs. We are looking to add five to seven more ATRs in the coming months."

"We will be adding those destinations by the end of this financial year. The routes will be in Western Maharashtra, Gujarat, some parts of and Northeast," Mansingh told reporters here.

Started in 2015, claims to be the first airlines to successfully fly all routes as part of the first bid under Udan.

and movie star Chiranjeevi's son is also one of the directors of the organisation.

Mansingh said there is an acute shortage of pilots and the industry including is getting affected by the development.

TruJet is currently operating at close to 85 per cent occupancy levels.

Replying to a query, the CFO, K G Vishwanath said presently they are nearly achieving the operational breakeven.

Vishwanath said typically for domestic routes it would take six to nine months for any route to get the operational breakeven.

"For the last three years, some of the earlier routes which we have started breaking even at operational level.

For an overall perspective,we are a more stabilised carrier and we are close to operational breakeven at this point of time," Vishwanath said.

Without giving a direct reply, the said the is registering over 25 per cent margins at Earnings before taxes, depreciation and amortisation (EBTDA) level.

On the occasionof its third anniversary, TruJet is offering fares starting at Rs 603 all inclusiveto make air travel affordable to common man, a press release from the airline said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, July 12 2018. 17:30 IST