Indian airline Zoom Air to raise $15.4m to fund expansion

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Zoom Air is in talks with investors and private equity firms to raise about Rs100 crore to finance its expansion, managing director and chief executive Koustav Dhar said. The airline, operated by Zexus Air Services Pvt Ltd, is planning to extensively connect North East India under the government’s regional connectivity scheme (RCS). Zoom Air, which started flying on 12 February 2017, currently operates in the Delhi-Jabalpur-Kolkata sector.

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