Akasa Air is backed by veteran investor Rakesh Jhunjhunwala.
Holding company SNV Aviation Pvt Ltd said the new airline aims to start operations by the summer of 2022.
- PTI New Delhi
- Last Update:11 October 2021, 20:16 IST
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The Ministry of Civil Aviation has given a No Objection Certificate (NOC) for the operations of Rakesh Jhunjhunwala-backed new airline ‘Akasa Air’ in India, a company statement said on Monday. Holding company SNV Aviation Pvt Ltd said the new airline aims to start operations by the summer of 2022.
Akasa Air is backed by veteran investor Rakesh Jhunjhunwala and former Jet Airways CEO Vinay Dubey. We are extremely happy and grateful to the Ministry of Civil Aviation for their support and grant of NOC,” Dubey, who is now the CEO of Akasa Air, was quoted as saying in the statement. We will continue to work together to successfully launch Akasa Air. regulatory authority on all additional compliances required for.”
Read also: A stormy flight path for Rakesh Jhunjhunwala’s Akasa in a turbulent aviation industry
Former IndiGo chairman Aditya Ghosh is also on the board of Akasa Air. The airline plans to operate around 70 aircraft over the next four years.
Airbus Chief Commercial Officer Christian Scherer said Airbus is in talks with Akasa for an aircraft purchase deal.
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