Indian low-cost airline Akasa Air, backed by billionaire investor Rakesh Jhunjhunwala, has placed an order for 72 Boeing 737 MAX jets, Reuters reported on Tuesday.
The move could help the US planmaker regain lost ground in one of the world’s most promising markets.
Akasa Air is set to start operations next year. The airline recently received preliminary approval from the civil aviation ministry to launch the country’s latest ultra-low-cost carrier.
Akasa Air plans to offer pan-India flights by the summer of 2022 with “an effort to become the country’s most reliable, affordable and green airline”.
Akasa Air is backed by veteran investor Rakesh Jhunjhunwala, former Jet Airways CEO Vinay Dubey and former IndiGo CEO Aditya Ghosh.
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