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 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.
Now, the subsidiary, Taal Tech is the only revenue generating company, Taal Enterprise has zero business, that’s why both of these will be merged and made single entity.
| Subscribe To Our Free Newsletter |
