Sirius Aviation Airlines is in advanced negotiations with US-based Textron Aviation to acquire 20 Cessna Citation Longitude aircraft in a deal valued at $600 million, according to sources familiar with the matter.

The acquisition is part of the company's strategy to strengthen its presence in the business aviation sector. Sirius Aviation, which began operations in August 2023 in partnership with Dubai-based Transworld Group, had announced plans last November to expand its fleet to 50 private jets by FY2027.

The expansion will include a mix of small and medium-sized business jets as well as group charters to cater to a broader client base.

(PTI)