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Now the battle to rule the sky! After Tata, Jhunjhunwala also jumped in the fray, his airline ‘Akasa Air’ got approval

Now the battle to rule the sky!  After Tata, Jhunjhunwala also jumped in the fray, his airline 'Akasa Air' got approval

Its operation may start in the summer season next year.

Airline companies have suffered heavy losses due to the Corona epidemic, but veteran industrialists feel that this will be a profitable deal in the coming days. Rakesh Jhunjhunwala’s Akash Airline, known as the Warren Buffett of the country, has got the NOC certificate from the government. SNV Aviation Private Limited has shared information about this. He said that the company will very soon start the airline under the name of ‘Akasa Air’. It is believed that its operation will start in the summer season next year.

Akash Air is supported by Vinay Dubey, former CEO of Jet Airways. The airline is now waiting to get the license from DGCA. If the license is received on time, it is possible that in the summer of 2022, you will be able to travel by air by Akash Air. Former IndiGo President Aditya Ghosh is also on the board of Akash Air. He has congratulated Vinay Dubey’s team for NOC.

Recently Rakesh Jhunjhunwala and wife Rekha Jhunjhunwala met Prime Minister Narendra Modi. Regarding this meeting, PM Modi had tweeted that I am happy to meet him and he is very bullish about the Indian market.

Ongoing talks with Airbus and Boeing

Here, Airbus Chief Commercial Officer Christine Scherer recently said in an interview given to news agency PTI that her company is in talks with Akash Air for aircraft purchases. According to several media reports, Akash Air has also contacted American plane manufacturer Boeing. He is interested in buying a B737 Max plane from Boeing. According to media reports, Boeing is competing in the aviation industry with the help of B737 Max aircraft and with the help of Airbus A320 aircraft.

Plan to start operation in summer season

According to the information, Akash Air plans to start operations in the summer season next year. In the next four years, the company plans to build a fleet of 70 aircraft. Rakesh Jhunjhunwala is called the Warren Buffett of India. His net worth is $5.7 billion (October 2021). He has invested close to 250 crores in airline companies.

Also read, In the next 6 months, Indian companies will raise 75 thousand crores through IPO, how did India become the favorite destination of investors?

Also read, Home Loan: There will be no problem in getting home loan, keep these 6 things in mind

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Shehnaz is a Corporate Communications Expert by profession and writer by Passion. She has experience of many years in the same. Her educational background in Mass communication has given her a broad base from which to approach many topics. She enjoys writing about Public relations, Corporate communications, travel, entrepreneurship, insurance, and finance among others.

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Shehnaz Ali
Shehnaz is a Corporate Communications Expert by profession and writer by Passion. She has experience of many years in the same. Her educational background in Mass communication has given her a broad base from which to approach many topics. She enjoys writing about Public relations, Corporate communications, travel, entrepreneurship, insurance, and finance among others.

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