Turbo Megha Airways (Hyderabad International) is in talks with ATR - Avions de Transport Régional (EVX, Toulouse Blagnac) and Embraer (EMB, São José dos Campos Professor Urbano Ernesto Stumpf) concerning plans to lease an initial three aircraft. Having secured its No Objection Certificates (NOC) from the Indian Ministry of Civil Aviation last month, the start-up is looking to start operations in December.
Managing Director Vankayalapati Umesh told India's Economic Times that among the types being considered are E145s with lease agreements to be finalized by the end of next month.
"We are in the process of mobilising some INR700million (USD11.45million) of funds needed for initial operations and hope to take off operations by December," he said.
Turbo Megha plans to focus on India's southern states with eighteen Tier II cities including Vijayawada, Vishakhapatnam, Tirupati, Rajahmundry, Cuddapah, Coimbatore, and Salem, TN currently under consideration.
