(Bloomberg) -- WinAir, India's first parallel airline that utilizes equipment and flying permit of another operator, will acquire a 79% stake in regional carrier TruJet for 2 billion rupees ($26 million).
WinAir said in a statement that it will take over the management and operations of TruJet, operated by Turbo Megha Airways Pvt. By December, TruJet will fly 17 aircraft a day and have three ATR-600 planes as a backup, it said.
Umesh Vankayalapati will remain the management director of TruJet, which has 650 employees, according to the statement. WinAir will roll out scheduled commuter operations soon.
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