Regional airline TruJet says talks on with investor after grounding flights

Regional airline TruJet stated it’s in talks with an investor and can restart operations at a brief discover after quickly suspending flights on Wednesday.

The airline was accepted to function 450 flights per week within the ongoing winter schedule however its operations dwindled over the previous few weeks as a result of delays in funding. It was working with a single ATR-72 plane earlier than grounding operations.

In a press release, the airline stated the operations have been quickly hampered due to varied administrative and technical causes and can resume operations at brief discover. An organization supply stated it hopes to restart flights by Friday utilizing the one plane. Three different ATR-72 planes are awaiting upkeep, the supply added.

“TruJet is in last stage of debate with a possible investor who’s funding $25 million inside the subsequent few days. The investor want to deliver his personal panel of administration. The Investor can be within the strategy of finalizing a brand new CEO who’s effectively Versed and skilled in aviation and will probably be completely taking cost as CEO on March 1. Until such time, V Umesh, the managing director, would be the performing CEO for the corporate,” it stated.

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