Turbo Aviation plans to launch new low-cost airline 'TrueStar' by mid 2020. Boeing considers either suspending or cutting back production of the 737 MAX.
Flying Places: As per this Business Standard report, Hyderabad-based Turbo Aviation has announced its plans to launch a new low-cost airline 'TrueStar' by mid 2020 and to this effect, has signed a partnership deal with a UK business group for a 100mn pound funding support to speed up the launch process.
Turbo Aviation has already been operating the commercial airliner 'True Jet' since 2015. TruStar will be the first commercial airliner to introduce Made-in-India Dronier Aircraft manufactured by Hindustan Aeronautics Limited, Kanpur.
"We have great, influential partners now on board who will help us drive the high demand air-taxi market in India, by connecting new UDAN routes. We are looking to transform the connectivity in the North and Southern sector to begin with, keeping in mind for more flying routes soon in future," noted V Umesh, Managing Director, Turbo Aviation.
Meanwhile...: US aircraft manufacturer Boeing is reportedly considering either suspending or cutting back production of the 737 MAX following growing uncertainty over the troubled plane’s return to service. More on this here.
Hand-curated Business News from Top Publishers & Platforms, Richly Crafted to Fit into One Wholesome Email. Subscribe Now to receive a nuanced 360 Degree account of key events from the World of Business and Finance every day.