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In July 2021, he invested in Akasa Air, a low-cost airline in India, investing US$400 million for a 40% stake in the airline. As of February 2024, the new airline has 24 aircraft and flies to 19 cities. Rakesh had increased his stake in the airline to 46% becoming the largest stakeholder in the company prior to his death.
Akasa Air, a brand of SNV Aviation Private Limited, is an Indian low-cost airline headquartered in Mumbai, Maharashtra, India. It was founded by Vinay Dube and Aditya Ghosh with investor Rakesh Jhunjhunwala holding a 46% stake in the airline.
Book flights online and enjoy affordable fares, warm service and reliable operations to Akasa Air's growing network of destinations.
Aug 14, 2022 · Just a week earlier, Rakesh Jhunjhunwala – often fondly referred to as "India's Warren Buffett" – was celebrating the launch of the maiden flight of the country's newest airline Akasa Air...
But his most recent contribution to India’s growth story was Akasa Air, the country’s youngest budget airline. Rakesh Jhunjhunwala seen in a file photo. His death - just days after Akasa Air...
Oct 12, 2021 · Rakesh Jhunjhunwala’s Low-Cost Akasa Airline Launch Date: Stock market investor Rakesh Jhunjhunwala-backed aviation venture SNV Aviation, which is planning an airline under the Akasa brand, has received a no-objection certificate from the Ministry of Civil Aviation.
Investor and billionaire Rakesh Jhunjhunwala is considering investing $35 million to launch 70 aircraft within the next four years, as a part of his ultra-low-cost airline Akasa Air,...
