By late this year or early next year, a new airline backed by billionaire businessman Rakesh Jhunjhunwala and operated by aviation veteran Vinay Dube might be flying. In four years, the ultra-low-cost carrier hopes to have a fleet of 70 planes. While Jhunjuwala would spend $35 million (about Rs 260 crore) and own around 40% of the company, there will be other investors as well. The aviation ministry has requested the precursor to an airline licence for "SNV Aviation," which would be the holding company for the projected budget carrier "Akasa Air." “We are working with the government in accordance with the laws to ensure that we are meeting all essential filing requirements, and we anticipate receiving the NOC soon,” Dube added.

Prior to the epidemic, india was the world's fastest-growing aviation market, with all airlines save indigo and those sponsored by Tata and Wadia having poor financials. The airline industry has been through its most serious existential crisis in history. In terms of demand, Jhunjhunwala says he is "very optimistic" about India's aviation business.

The Tatas are largely seen as frontrunners to purchase AI and eventually integrate all three — AI, Vistara, and AirAsia india — into one giant airline. According to reports, Jhunjhunwala talked with key aviation specialists to learn about the difficulties of founding and maintaining an airline. During the whole epidemic 2020, the Akasa team was laying the groundwork. It has a sizable war fund and hundreds of jets on order, ready to take to the sky whenever flights begin.

మరింత సమాచారం తెలుసుకోండి:

Rakesh Jhunjhunwala

Kailas Ashwin Sathish

29/07/2021 09:01 AM