Zomato cofounder Deepinder Goyal is venturing into the regional air travel sector with LAT Aerospace to offer high-frequency, low-cost air travel in India.
LAT Aerospace aims to use short take-off and landing (STOL) aircraft to connect tier II and tier III cities by converting underutilized airstrips into small 'air-stops'.
Goyal has invested $20 million in LAT Aerospace, which focuses on solving the issue of underutilized airstrips in the country to improve regional air travel accessibility.
The Indian aviation market, particularly in regional air travel, presents a lucrative opportunity for startups like LAT Aerospace amid increasing focus on improving air connectivity in tier II and tier III cities.