A new airline company has entered the Indian Aviation Industry. Stock market giant Rakesh Jhunjhunwala’s Akasa Airlines has got a No Objection Certificate from the Ministry of Civil Aviation. Let us tell you that recently PM Modi also met Rakesh Jhunjhunwala.
This airline will now start the process of getting license to operate aircraft from Directorate General of Civil Aviation (DGCA) from 2022. Vinay Dubey, who has also worked with Jet Airways, has been chosen as the company’s CEO.
Aditya Ghosh, former chairman of IndiGo and now on the board of Akasa Airlines, has congratulated Vinay Dubey and the team on getting the NOC.
Let us tell you that talks are going on with the European plane company Airbus for the operation of Akasa Airlines. This conversation is taking place in connection with the purchase of aircraft.
The company is trying to start air services by the summer of 2022. Earlier reports surfaced that Jhunjhunwala was planning to have 70 aircraft in four years for a new airline venture, which he has decided to withdraw. Jhunjhunwala is looking at investing around $35 million in the new airline company. Through this, Jhunjhunwala plans to take 40 per cent stake in Akasa.