TruJet to get ₹20 cr. as Viability Gap Funding
The Hindu
The airline to continue services on Chennai, Kadapa and Vijayawada routes
The State government has helped resume the TruJet airline services between Chennai, Kadapa and Vijayawada airports by providing the Viability Gap Funding (VGF) of around ₹20 crore for one more year as an extension to the Centre’s Regional Connectivity Scheme-UDAN which ended on May 1. According to a G.O. issued by Infrastructure and Investment Special Chief Ssecretary R. Karikal Valaven on Sunday, the government has decided to provide financial support to the airline as an extension to the three-year agreement between the State, Centre and Airports Authority of India (AAI) entered in 2016.
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