Sunday, April 11, 2021

India’s TruJet Seeks New Airbus A220s & Embraer E190s

India’s TruJet is eying a massive order for 54 Airbus A220s and 54 Embraer E190-E2s. The expansion follows investment fund Interups’ 49% purchase of the airline and plans to invest nearly $1.9 billion. With a fleet expansion coming soon, could India be looking at its newest major airline? Let’s find out more.

According to Moneycontrol, TruJet’s new 49% stakeholder Interups has huge plans for the Hyderabad-based regional carrier. The New York-based investment fund has allocated $1.89bn towards growing the airlines, which it plans to invest over three years. The expansion will see TruJet increase its domestic destinations, start international flights, enter the cargo market, and more.

Perhaps the most important part of the plan is TruJet’s new aircraft order. Interups Chairman Laxmi Prasad has said that the airline will sign an order for 54 A220s (variant unknown) and 54 E190-E2s. This order could come as soon as the end of April or slightly later, with deliveries starting soon after.

Considering many airlines have been deferring deliveries, Prasad is confident that TruJet will get its new fleet soon. In a statement about the order, he said, according to Moneycontrol,

“Airbus and Embraer have already identified some aircraft. And with the addition of these, it will take us to 21 almost immediately…Embraer will supply three aircraft every two months. The arrangement with Airbus will see one aircraft coming in every 1.5 months, or a maximum of nine planes a year. So, it may take about six years for the Airbus order to be delivered, lower for Embraer.”

11/04/21 Pranjal Pande/Simple Flying

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