Jhunjhunwala-led Akasa Air gets Centre's nod

Jhunjhunwala-led Akasa Air gets Centres nod
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Jhunjhunwala-led Akasa Air gets Centre's nod

Highlights

The new airline aims to start operations by the summer of 2022

New Delhi: The Ministry of Civil Aviation has given a no-objection certificate (NOC) for the operation of Rakesh Jhunjhunwala-backed new airline 'Akasa Air' in India, a company statement said on Monday.

The new airline aims to start operations by the summer of 2022, the holding company, SNV Aviation Private Limited, said. Akasa Air is backed by ace investor Rakesh Jhunjhunwala and ex-Jet Airways CEO Vinay Dube "We are extremely happy and grateful to the Ministry of Civil Aviation for their support and for the grant of the NOC," Dube, who is now the CEO of Akasa Air, was quoted as saying in the statement. "We will continue to work with the regulatory authorities on all additional compliances required to successfully launch Akasa Air," he added.

Akasa Air also has former IndiGo president Aditya Ghosh on its board. The airline plans to operate approximately 70 planes in the next four years. Airbus is in conversation with Akasa for an aircraft procurement deal, Airbus' Chief Commercial Officer Christian Scherer told PTI last week. Akasa has been in discussions with US plane manufacturer Boeing to procure its B737 Max planes, multiple media reports had said two months back.

Airbus' A320 series of aircraft competes with Boeing's B737 series of planes in the aviation market. Dube said on Monday: "At Akasa Air, we believe having a robust air transportation system is critical for our nation's progress. It is this belief that has motivated us to create a modern, efficient, quality-conscious airline."

Akasa Air will serve all Indians regardless of their socio-economic or cultural backgrounds with warmth, inclusiveness and respect, he stated.

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