Turbo Megha Airways that operates Trujet plans to increase its fleet size and expand service areas by the end of 2019. The airline has decided to add ten ATR 72 aircraft and ten more destinations by the end of this year. Currently, TruJet operates five ATR-72 planes to 20 destinations across India. The airline holds the largest share of its capacity deployed on UDAN routes.
Over the past four years, Trujet has been able to create its niche in the regional connectivity space. We are the only successful standing airline amongst the regional airlines which started operations around the same time as us. This has led to an upsurge in traffic, and we are looking at connecting these points with incremental flight as well as with more cities in our fast-growing network, K. V. Pradeep, Director on Board Megha Engineering & Infrastructure Limited, said.
Trujet that celebrated its fourth anniversary recently set up its second base in Ahmedabad. It may have its third base in Guwahati.
The past 12 months have been an eventful and busy year for Trujet and its 700 odd employees as it set up its second base at Ahmedabad, and now with a 5-aircraft fleet, has spread its network to 20 cities. We are looking to have our third base in the country at Guwahati, K. G. Vishwanath, Chief Financial Officer (CFO), Trujet said.
The network and financial growth of the airline are being achieved with long term strategic network selection, financial discipline and creating a conducive environment for people to excel, Vishwanath added.
The airline registered revenue of INR 165 crores in 2017-18. The flights of Trujet records a passenger load factor of 70-80%. In 2018, Trujet carried 8.4 lakh passengers. Trujet plans to associate with international carriers to provide linkages with Tier II, Tier III, and Tier IV locations where it serves. The company may go public in the next 2-3 years.