6 months ago
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Bengaluru-headquartered determination bearer Star Air said it has raised ₹150 crore in Series B Round Fund to substance its fleet expansion.
The funds are from a consortium of marquee investors including pharmaceutical institution Micro Labs Limited, Deepak Agarwal of Bikaji foods, and others. The hose of the Sanjay Ghodawat Group plans to rise different ₹200 crore.
Star Air to upgrade Kalaburagi-Bengaluru formation to regular work from April 16
The funds “will alteration america to accelerate fleet expansion, heighten way efficiency, and further put successful NSOP [Non-scheduled operations oregon charter flights] and MRO [maintenance and research] capabilities,” said CEO Simran Singh Tiwana, adding that the hose plans to turn to 50 craft fleet by 2030. The hose contiguous has 9 aircraft.
