Rakesh jhunjhunwala airlines name

Akasa Air: With the arrival of it's first aircraft, the Boeing 737 Max, Akasa Air, one of the most awaited airline chain is here and ready to take off. Backed by billionaire Indian investor Rakesh Jhunjhunwala and his partners, IndiGo's Aditya Ghosh and Vinay Dube, it is all set to start operations in July. Akasa Air, a brand of SNV Aviation Private Limited, is an Indian low-cost airline headquartered in Mumbai, Maharashtra. It is backed by billionaire investor Rakesh Jhunjhunwala. The airline plans to start flights in July of 2022, after getting its first Boeing 737 MAX aircraft. It was founded in December 2021. Akasa air's vision is that "the Sky embraces everyone, and so air travel should be inclusive and affordable for all." Rakesh Jhunjhunwala is famous forhis successful stock investments. He has partnered with IndiGo's Aditya Ghosh and Vinay Dube to launch the airline.Akasa Air plans to fly 18 aircraft by the end of March 2023 across domestic routes in the country. The airline plans to operate approximately 70 planes in the next four years and has placed an order of72 Boeing 737 Max aircraft. The deal was signed at the 2022 Dubai Air Show. It hasrecently received its code from the Director General of Civil Aviation (DGCA)and will be called 'QP'. Also read | Akasa Air Boeing 737 Max landed in Delhi Akasa air has finally arrived, with its first plane, Boeing 737 Max landing in Delhi.The aircraft touched down at Delhi's Indira Gandhi International Airport on 21st June 2...

NEW DELHI: The government has given a go ahead to billionaire investor Rakesh Jhunjhunwala-backed startup airline Akasa. The aviation ministry has issued the vital no objection certificate (NOC) following which it will now apply for air operator permit from the Directorate General of Civil Aviation (DGCA). The airline hopes to start flying next summer. The proposed ultra low cost carrier (LCC), SNV Aviation Pvt Ltd that will fly under the brand name Akasa Air, is piloted by aviation veteran Vinay Dube who is its CEO. The airline is likely to place an order for about 100 Boeing 737 Max, with Airbus’ best selling A320 neo family of planes having a long waiting period for those placing orders now. The DGCA has recently allowed modified B737 Max to fly in India. In a statement, the upcoming airline said it “plans to offer flights across India starting in the summer of 2022 with an endeavour to be the nation’s most dependable, affordable and greenest airline.” Vinay Dube said: “We are extremely happy and grateful to the aviation ministry for their support and for the grant of the NOC. We will continue to work with the regulatory authorities on all additional compliances required to successfully launch Akasa Air… we believe having a robust air transportation system is critical for our nation’s progress.” “It is this belief that has motivated us to create a modern, efficient, quality conscious airline. Moreover, Akasa Air will serve all Indians regardless of their socio economic ...

Rakesh Jhunjhunwala’s Low-Cost Akasa Airline Launch Date: Stock market investor Rakesh Jhunjhunwala-backed aviation venture SNV Aviation, which is planning an airline under the Akasa brand, has received a no-objection certificate from the Ministry of Civil Aviation. The airline, which is planning to operate as a low-cost carrier or an ultra low-cost carrier, expects to launch services by the summer of next year. Also in Explained | What is Akasa? The airline is being launched by Jhunjhunwala, who will hold a 40 per cent stake in the company. Jhunjhunwala has onboarded aviation industry veterans such as former Jet Airways CEO Vinay Dube and ex-IndiGo president Aditya Ghosh to run the airline. While Dube is the CEO of the company, Ghosh is expected to be on the board as Jhunjhunwala’s nominee. The Mumbai-based investor will pump in $35 million and is planning to have a fleet of 70 planes over the next four years. “Akasa Air will serve all Indians regardless of their socio-economic or cultural backgrounds…,” Dube said in a statement. The airline said it plans to offer flights across India starting in the summer of 2022. What is the ULCC model? In the ULCC (ultra low cost carriers ) airline business model, the company focuses on keeping operating costs even lower than typical budget airlines like IndiGo and SpiceJet. In the low-cost model, airlines unbundle certain amenities that are usually associated with the full-service airline experience — like seat selection, food and be...