The Company has had a presence in the Air Charter segment of the Aviation Industry.
The company was operating one leased Cessna Citation CJ2+ type of aircraft with a seating capacity of seven passengers. The aircraft was based at Pune airport and the Company had a loyal set of Charter customers centered around Maharashtra. The aircraft was maintained at the MRO facility of TAAL at Hosur in Tamil Nadu.
During the FY2019-20, the the CJ2+ aircraft operated by the company veered off the runway during a landing, resulting in extensive damage to the aircraft rendering it inoperable and beyond repair. The insurance company has also accepted the aircraft as a total loss and accordingly paid the full insurance claim.
As a result, at the present time, the Company is not operating any aircraft and is currently analyzing and exploring various business options.