Mumbai, Jan 30 (PTI) Air charter services operator Sirius Aviation Airlines is in advanced discussions with the US-based Textron Aviation to acquire 20 Cessna Citation Longitude aircraft for USD 600 million, according to sources privy to information.

The acquisition is aimed at bolstering the company's operational capabilities in the business aviation segment, they added.

Also Read | What Is One Ring Scam? Know How Cybercriminals Use Missed Call To Levy Expensive Charges, Steal Sensitive Information.

The company, which launched its operations in August 2023, in partnership with Dubai-based Transworld Group, last November announced that it is targeting a fleet size of 50 private jets, comprising both small and medium-sized business jets as well as group charters by FY2027 to serve a wider clientele.

"Sirius Aviation Airlines is in advanced discussions with Textron Aviation to acquire 20 Cessna Citation Longitude aircraft. The deal is valued at a list price of USD 600 million and expected to close in the next 3-4 months," a source told PTI.

Also Read | Shillong Teer Results Today, January 30 2025: Winning Numbers, Result Chart for Shillong Morning Teer, Shillong Night Teer, Khanapara Teer, Juwai Teer and Jowai Ladrymbai.

The delivery of these 8-12 luxury business jets should start coming in from 12-18 months after the signing of the deal, the source said.

The company refused to comment on the developments.

As part of the negotiations, Textron Aviation conducted a demo flight earlier this week in Dubai for Sirius India Airlines and Transworld Aviation, sources said.

The airline plans to extend its reach beyond India to new markets in the Far East, Southeast Asia, and East Africa. Domestically, it is strengthening its presence in western and southern India to meet growing demand.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)