Rakesh Jhunjhunwala’s airline gets govt nod; launch likely next year – Times of India



NEW DELHI: The federal government has given a cross forward to billionaire investor Rakesh Jhunjhunwala subsidized startup airline Akasa.
The aviation ministry has issued the no objection certificates (NOC) and now it’s going to wish to follow for air operator allow (AOP or licence) from the Directorate Normal of Civil Aviation (DGCA).
The proposed extremely low value provider (LCC) is being piloted by means of aviation veteran Vinay Dube and may get started flying early subsequent yr.
Jhunjhunwala had not too long ago met PM Modi in Delhi.

The airline is predicted to position an order for approximately 100 Boeing 737 Max, with Air us’ very best promoting A320 neo circle of relatives of planes having an extended ready length for the ones putting orders now.
The DGCA has not too long ago allowed changed B737 Max to fly in India. Nowadays, most effective SpiceJet has 13 Max within the nation and is but to start out running them.
Whilst Jhunjhunwala will make investments about $35 million and hang about 40% stake, there will probably be different buyers additionally on board the extremely low value.
With the exception of Akaksa, the consortia that not too long ago were given NCLT nod to restore Jet Airlines says Jet 2.0 will get started flying by means of subsequent March.
So a mega Tata team airline -Air India-AI Categorical-AirAsia India (Vistara stays a separate airline for now) — will probably be flying early subsequent yr along with Akasa. Jet 2.0 might also sign up for this birthday celebration.


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