Search results
In July 2021, the Indian billionaire trader, Rakesh Jhunjhunwala, invested US$ 35 million for a 40% stake in the carrier. [18][19] Aditya Ghosh owns 10% of the airline, while Vinay Dube owns 31% of it. [20] Rakesh later increased his investment in the airline to 46%. [21]
Explore Akasa Air's destinations and fares online and get free perks like seat, meal, baggage and date change on your flight booking.
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.
Aug 22, 2024 · In 2021, Vinay Dube launched Akasa Air, backed by investor Rakesh Jhunjhunwala. Despite initial losses, the airline's valuation has grown to $350 million. Akasa has expanded its fleet rapidly, overtaking SpiceJet in market share, and is now seeking $125 million in new investments from Premji Invest and Claypond Capital for further growth.
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 · Akasa Air, backed by Big Bull Rakesh Jhunjhunwala, is slated to start operations next year. On Monday the airline received the initial clearance from the civil aviation ministry to launch the...
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.
Nov 16, 2021 · The soon-to-be-launched Rakesh Jhunjhunwala-backed Akasa Air signed a deal with Boeing for 72 fuel-efficient 737 MAX airplanes on Tuesday. The new Indian carrier’s order, valued at nearly $9 billion, includes 737-8 and high-capacity 737-8-200 airplanes.
Aug 1, 2021 · Akasa is an upcoming “ultra low-cost carrier”, or ULCC, being launched by stock market investor Rakesh Jhunjhunwala, who will hold a 40% stake in the airline company. Jhunjhunwala has reportedly planned to launch the airline by April 2022, and has onboarded aviation industry veterans such as former Jet Airways CEO Vinay Dube and ex-IndiGo ...
Nov 17, 2021 · Billionaire investor Rakesh Jhunjhunwala-backed Akasa Air had placed an order for 72 Boeing 737 MAX jets on Tuesday, valued at nearly $9 billion at list prices. Akasa Air’s order includes two variants from the 737 MAX family, including the 737-8 and the high-capacity 737-8-200.
