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  1. Jul 7, 2022 · Rakesh Jhunjhunwala's Akasa Air gets airline license from DGCA; will start operations in late July Rakesh Jhunjhunwala-owned Akasa Airlines on Thursday received its flying permit from DGCA . The Air Operator Certificate ( AOC ) from the country’s aviation regulator will make it the eighth domestic airline, not counting regional airlines.

  2. Aug 14, 2022 · BILLIONAIRE stock investor and founder of the country’s newest airline Akasa Air, Rakesh Jhunjhunwala, passed away Sunday morning. He was 62. Akasa had its inaugural flight from Mumbai to Ahmedabad just a week ago on August 7. Jhunjhunwala died of sudden cardiac arrest.

  3. Jul 28, 2021 · Akasa Air is intended to be a budget airline, comprising planes with a capacity of 180 passengers. Jhunjhunwala’s entry will be one of the biggest moves in the Indian aviation sector this year. Earlier in the year, Jet Airways was finally cleared to fly again after the Murari-Kalrock consortium bought the airline out of insolvency proceedings.

  4. Aug 14, 2022 · NEW DELHI: Rakesh Jhunjhunwala, who held 40 per cent stake in Akasa Air, appeared publicly for the last time at the airline's inaugural flight between Mumbai and Ahmedabad on August 7. “Normally ...

  5. May 24, 2022 · Akasa Air is backed by ace investor Rakesh Jhunjhunwala, who is the co-founder of the newest airline and owns 40% of the company. Ex-Jet Airways CEO Vinay Dube will be the CEO of Akasa Air with a 15 per cent stake. The brand is also looking to hire other industry leaders at the top spot before beginning of the operations.

  6. Aug 14, 2022 · Ace stock market investor Rakesh Jhunjhunwala died this morning at a Mumbai hospital. He was also the co-founder of Akasa Air, India's newest airline which began commercial operations last week.

  7. Aug 9, 2022 · India's aviation industry has embraced a new wave in airline travel as India’s Warren Buffet, Rakesh Jhunjhunwala has finally launched an Ultra-Low-Cost Carrier, Akasa Air. The aviation industry in India is in fact an untapped market with only a few companies making all of the profit.

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