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The scheduled airline currently serves 14 destinations, mainly in South India, including some in the Center's UDAN (Ude Desh Ka Aam Nagrik) program, through a fleet of five ATRs. "We have received 20 new roads in Gujarat, parts of Rajasthan, Western Maharashtra, and the north-east, and we will add all these new routes by the end of the current exercise." Vishok Mansingh, CEO of TruJet, told reporters.
The carrier plans to connect Kandla, Porbandar, Keshod, Jaisalmer, Jalgaon and Nashik from Ahmedabad and Burnpur, Cooch Behar, Tezu and Rupsi from Guwahati. According to Mansingh, the carrier, which is operated by Hyderabad-based Turbo Megha Airways Pvt Ltd, is currently averaging 85% occupancy rates with 85% to 90% higher occupancy rates on the roads. Udan.
"We currently operate 32 sectors a day and we plan to bring this sector to 44-48 sectors a day by the month of August this year," he said. Speaking of financial performance, TruJet CFO K G Vishwanath said that the airline has almost reached the operational break-even point. "In the last three years, we have started breaking even at the operational level for some of the previous routes. It takes about six to nine months for any new road to reach the operational break-even point, "he said, indicating that the airline is already recording high EBITDA margin levels (pre-tax profits and depreciation). ) by 20%.
Regarding the financing of the expansion, he said that the company is adequately funded by internal sources.
TruJet, which has carried 1.2 million pbadengers since its inception three years ago, offers fares from Rs 603 all inclusive in its plans to make air travel more affordable for Aam. Aadmi on his third birthday, Mansingh. I said.
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