Highlight
- Dubey says that Jhunjhunwala had an invincible spirit, he was extremely passionate about every Indian
- Jhunjhunwala holds 40 per cent stake in Airlines
- Country’s largest airline IndiGo said Jhunjhunwala was an inspirational figure
Rakesh Jhunjhunwala’s death: According to its co-founder and CEO Vinay Dubey, Akasa Air, which took to the skies just a week ago, will honor the legacy, values and beliefs of its late billionaire investor Rakesh Jhunjhunwala, attempting to operate a “great airline”. Still working.
“Conceived and born in 12 months”, Akasa Air’s identity is tied to Jhunjhunwala, one of the backers of the venture, even before the flight began.
With high growth potential and in the increasingly competitive Indian civil aviation space, the trajectory of Akasa Air, which began its maiden flight on the Mumbai-Ahmedabad route on August 7, will be closely monitored.
Dubey, Founder and CEO, Akasa Air said, “We are deeply saddened by the untimely demise of Rakesh Jhunjhunwala this morning.
He also mentioned that the billionaire investors had initial faith in the team and placed their faith and trust in them to build a world class airline.
As a condolence message after the demise of Jhunjhunwala, popularly known as the ‘Big Bull’ and ‘Warren Buffett of India’, Akasa Air will miss him greatly in terms of strategic guidance.
Although he was not involved with the day-to-day affairs of Akasa Air, the fact that the 62-year-old investor had put in the money gave a much-needed tailwind for the airline.
It was also the first scheduled domestic carrier to be launched in India in nearly a decade.
Dubey said, “Jhunjhunwala had an invincible spirit, he was very passionate about everything Indian and cared a lot for the well being of our employees and customers. Akasa Air is the legacy, values and beliefs of Jhunjhunwala by striving to run a great airline. will respect it.” in a statement.
Aviation giant and one of the founders of Akasa Air, Aditya Ghosh said that he is shocked, saddened, shocked and at the loss of words.
Describing Jhunjhunwala’s passing as a “deeply personal loss”, Ghosh said that many memories have been flashing since morning.
“What is etched in my heart and mind is RJ’s love of life, courage, simplicity of heart, true affection and most importantly, childlike laughter,” he said in a tweet.
The airline is owned by SNV Aviation Pvt Ltd.
According to reports, Jhunjhunwala holds 40 per cent and Ghosh holds 10 per cent.
At the inauguration ceremony of Akasa Air’s maiden flight at the Mumbai airport last Sunday, wheelchair-bound Jhunjhunwala praised civil aviation ministry officials for their cooperation in starting the airline.
“…nowhere in the world has an airline been conceived and born in 12 months. Normally, a baby is born in 9 months, we take 12 months,” he said at that ceremony. Said at the ceremony where the first flight was virtually flagged off. Aviation Minister Jyotiraditya Scindia.
The minister had said that it was a very important day in the history of civil aviation in India.
Apart from Vinay Dubey and Aditya Ghosh, Belson Coutinho, Anand Srinivasan, Bhavin Joshi, Neelu Khatri, Sanjay Dubey, Neeraj Dubey and Praveen Iyer are part of the airline’s founding team, according to its website.
Akasa Air, which describes itself as the country’s “latest and most trusted airline”, has placed a firm order for 72 Boeing 737 MAX aircraft.
The country’s largest airline IndiGo said Jhunjhunwala was an inspirational figure and will always be missed.
“Jhunjhunwala was a great figure in India’s financial world, and we also appreciate his recent contribution to Indian aviation with the launch of Akasa Air,” the carrier said in a statement.
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