Zexus now Oriel
Update on Zexus. Then CEO W. Kurup of Zexus has quit Zexus to become CEO of ORIEL AVIATION.
Oriel is based in Delhi and headed by Mr Inder preet Singh. They have reportedly applied for an NOC.
Zexus in the meantime has left a trail of bad debt. It seems the Company was advertising for pilots and charging them an "advance fee" that was used as operating capital and for Director wages. In fact it was simply a pyramid scheme whereby pilots that eventually realised the charade got paid back by the money of "new" recruits.