Akasa Air, backed by Rakesh Jhunjhunwala, is panned to start operations next year. On Monday the airline received the preliminary clearance from the civil aviation ministry to launch the country’s latest ultra-low-cost carrier. In a statement on 11 October, the company said that it was looking to start operations by the summer of 2022.

According to media reports, the airlines is in talks with Boeing and Airbus for their aircraft. Here below are some of the updates about Rakesh Jhunjhunwala’s Akasa.

  1. Akasa Air is backed by ace investor Rakesh Jhunjhunwala and ex-Jet Airways CEO Vinay Dube. The holding company of the new airline is SNV Aviation Private Limited. Akasa Air also has former IndiGo president Aditya Ghosh on its board.
  2. The new airline is aiming to start operations by the summer of 2022, media reported quoting SNV Aviation Private Limited.
  3. The airline is planning to operate approximately 70 planes in the next four years. Airbus is in conversation with Akasa for an aircraft procurement deal, Airbus’ Chief Commercial Officer Christian Scherer told media houses last week.
  4. Akasa has also been in discussions with US plane manufacturer Boeing to procure its B737 Max planes, multiple media reports had said two months back. Airbus’ A320 series of aircraft competes with Boeing’s B737 series of planes in the aviation market.
  5. The proposed airline venture had applied for a NOC, AoP (air operator permit) and other permits from the Ministry of Civil Aviation, as per a leading media report.

Rakesh Jhunjhunwala has invested Rs 247.5 crore in the airline. We can’t wait for the airline to start flying domestic soon.

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