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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]
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.
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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.
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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 ...
Akasa Air, India's newest airline which began its commercial operations exactly a week ago, on Sunday lost one of its co-founders, billionaire investor Rakesh Jhunjhunwala, who breathed his last...
