Eternal CEO Deepinder Goyal denies reports of LAT Aerospace jet purchase: 'Not in business of buying planes'

Reacting to a Moneycontrol report which claimed that LAT Aerospace has bought a Bombardier Global series aircraft, Goyal posted on social media platform X: "For those who want facts more than clickbaity headlines – LAT is a startup, and has not bought any private jet. LAT is about making planes for regional aviation, and is not in the business of buying planes."

"And, I don't own one personally either. Will be nice to have one though," he added.

Earlier in the day, Moneycontrol reported that LAT Aerospace has acquired a Bombardier Global jet which has been parked at Delhi airport’s VIP bay since June 2025 and was scheduled to operate today.

The report stated that ground handling and engineering of the aircraft is being managed by Indamer MJets Airport Services and Bird Execujet Airport Services, but it could not ascertain the exact make, model, registration, or purpose of the flight.

The report comes days after Goyal registered a luxury apartment at DLF’s The Camellias in Gurugram for ₹52.3 crore. According to Forbes, Goyal’s net worth is estimated at USD 1.6 billion, with his 3.83% stake in Zomato valued at around ₹9,847 crore as of June 2025.

Last month, Goyal launched LAT Aerospace along with Surobhi Das, former chief operating officer at Zomato.

The startup aims to address gaps in regional aviation by developing low-cost short takeoff and landing (STOL) aircraft with up to 24 seats.

"Why is regional air travel still so broken – expensive, infrequent, and mostly out of reach unless you live in a metro? India has 450+ airstrips — but only ~150 see commercial flights. That means nearly two-thirds of our aviation potential is being wasted," Das said in LinkedIn post.

"We believe access shouldn’t be a privilege. It should be an entitlement — solved by intentional design."

Goyal has reportedly invested USD 20 million in LAT Aerospace and will serve in a non-executive capacity, while Das will oversee daily operations.

STOL aircraft can operate on shorter runways than conventional planes and LAT Aerospace plans to operate them from compact "air-stops" comparable in size to parking lots.