Ram Charan Teja faces Bankruptcy!!
Is actor ram charan Teja's airline in trouble? Following the suspension of its services, the Hyderabad-based airline TruJet, of which he is the chairman, has initiated a new discussion.
TruJet operates seven planes and TruJet is 90% owned by Megha Engineering Infrastructure. TruJet's current chairman is ram charan, who owns stock in the company. The corona occurred at a time when the company was recovering thanks to the government's Udon scheme.
On the other hand, the company's financial situation has deteriorated as a result of its inability to compete in the airline industry. Demand has dwindled. Due to non-payment of rent, the renters rented out five of the seven planes.
While TruJet has been leaving the top management company since last month, it has been rumoured that the company has been struggling to pay its employees for the past three months.
Despite being pushed so far, the situation of this regional airline has only gotten worse with Corona. The company has not stated when it will resume operations.
Regional airlines such as air Costa, air Pegasus, Paramount, and air Carnival have already arrived but are not taking a back seat. Trujillo recently followed suit.