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Aviation Ministry Gives Nod to Rakesh Jhunjhunwala-backed Akasa Air to Operate in India

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Akasa Air is backed by ace investor Rakesh Jhunjhunwala.

The new airline aims to start operations by the summer of 2022, the holding company, SNV Aviation Private Limited, said.

  • PTI New Delhi
  • Last Updated:October 11, 2021, 20:16 IST
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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.

ALSO READ: A Stormy Flight Path for Rakesh Jhunjhunwala’s Akasa in the Turbulent Aviation Industry

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 .

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