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5 Facts about Rakesh Jhunjhunwaala’s Akasa Airlines

Rakesh Jhunjhunwala- backed new airline’Akasa Air’has been granted a no- objection certification (NOC) for the operation in India by the Ministry of Civil Aviation, according to a PTI report. The development assumes great significance for the country’s aviation sector which had to bear outrage of deadly Covid lockdown. This comes days after Tata Sons came up as the winner of the financial offer to take control of the public carrier Air India. Flyers across India will only hope that there will be more flight options available for them in fairly affordable airfares. While India has been a really sensitive market to operate in and only a sprinkle have made money. if at each in the sector is seeing a surge of opportunity in Akasa. A company that traces its roots to former Jet Airways CEO Vinay Dube, has registered businesses similar as akasaairlines, flyakasa, akasaair and airakasa. While the team has redoubtable and reputed players at the control of affairs, nearly all airlines in the history have had alike teams. This has noway assured profitability and that would still be dependent on how Akasa performs, how IndiGo responds, and how Spicejet and GoFirst reacts. Akasa’s roadmap addresses about 70 aeroplanes in five years, which if achieved, will be further than what GoFirst has instated in fifteen years and that could make the difference!

Virgin Atlantic owner and British billionaire Richard Branson had formerly famously said “ If you want to be a millionaire, start with a billion bone and launch a new airline.” Vijay Mallya, the desi Branson, went void after launching Kingfisher. When reminded of this quote, Jhunjhunwala told Bloomberg TV “ When I first came to stock market in 1985, they said the stylish way to get void is to go to stock market. By God’s grace, that’s proven wrong.” Presently, Jhunjhunwala is worth about $4.6 billion.


5 things to know about Akasa Airlines

1. Akasa Air plans to offer flights across India commencing in the summer of 2022 with an” bid to be the country’s most reliable, affordable and greenest airline”.

2. The airline plans to operate roughly 70 airplanes in the coming four years, PTI reported.Vinay Dube will be the CEO of the new company, whereas Praveen Iyer, an ex-employee of Jet, has been appointed as Chief Commercial officer. Neelu Khatri, who was most lately the chairman of Honeywell Business in India, has been appointed as head of commercial affairs. Ankur Goel, former head of IndiGo’s vault and investor relations, will be Akasa’s Chief Financial officer.

3. Airbus is in discussion with Akasa for an aircraft procurement deal, Airbus’Chief Commercial Officer Christian Scherer told PTI last week. When asked if he can tell what stage the compromises are with Akasa, Scherer replied” That’s really private. What I can tell you is that when you start an airline in India, what’s the standard you’re looking at. It’s enough blatant, is not it? It’s IndiGo and to some extent Go First and SpiceJet, but the big man is IndiGo.” He mentions.” So, it’s only natural that a new adventure in India should look at that standard,” That’s an exertion and a business that’s going to grow and it should grow in India. Airbus is a big presence in India,” he added.

4. While details of the new venture, including any decision on aeroplane orders, haven’t been formally discovered. Akasa has been in conversations with US aeroplane manufacturer Boeing to land its B737 Max aeroplanes, multiple media reports had said two months back. Airbus’A320 series of aircraft competes with Boeing’s B737 series of aeroplanes in the aviation industry.

5. At Akasa Air, we believe having a firm air transportation system is compelling for our nation’s progress. It’s this belief that has motivated us to produce a ultramodern, effective, quality conscious airline. Also, Akasa Air will serve all Indians regardless of their socio-economic or cultural backgrounds with warmth, inclusiveness and respect. Because at the end of the day, it’s these qualities that connect people and societies and help Indians realise their dreams.” says Vinay Dube


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