Rakesh Jhunjhunwalaowned akasa air Last week (on 7 August) saw its first commercial flight from Mumbai to Ahmedabad. It also inaugurated its service in the Bengaluru-Kochi-Bengaluru sector on Friday. Now, after the demise of Jhunjhunwala, the future of India’s latest airline is drawing attention. The ace investor held a 40 per cent stake in the company, and aviation giants Aditya Ghosh and Vinay Dubey are the co-founders of the airline.
The veteran investor passed away on Sunday morning. He was 62 years old and was suffering from kidney ailment. According to sources, he was on regular dialysis as both his kidneys had failed. He was brought to Kandy Breach Hospital at 6:45 am and was declared brought dead.
Jhunjhunwala collaborated with Aditya Ghosh and Vinay Dubey, former CEOs of IndiGo and Jet Airways, to tap the growing long-term potential for domestic air travel. India By starting a new company ‘Akasa Air’.
Vinay Dubey, Founder and CEO, Akasa Air, said on Sunday, “We are deeply saddened by the untimely demise of Rakesh Jhunjhunwala this morning. Our thoughts and prayers are with Jhunjhunwala’s family and friends. may his soul rest in peace. We at Akasa cannot thank Jhunjhunwala enough for believing in us early and placing his trust and confidence in us to build a world class airline. ,
He said that Jhunjhunwala had an invincible spirit, very passionate about everything Indian and cared a lot for the well being of our employees and customers. “Akasa Air will honor Jhunjhunwala’s legacy, values and belief in us by striving to run a great airline.”
Akasa Air commenced its commercial operations with two aircraft and plans to induct two 737 MAX aircraft every month to establish a pan-India presence. Its fleet size will grow to 18 aircraft by the end of March 2023, and over the next four years, the airline will add 54 additional aircraft, bringing its total fleet size to 72 aircraft.
Akasa Air is an airline brand under the holding aviation venture SNV Aviation, which is owned by Jhunjhunwala. The company plans to operate as a low-cost carrier. In October last year, it was received no objection certificate from the Ministry of Civil Aviation. It got Air Operator Certificate from DGCA last month.
Akasa, which begins its journey to provide Indian travelers with a warm, efficient, reliable and affordable travel experience, will compete with other Indian budget carriers such as IndiGo and SpiceJet.
The company revealed its brand identity in December 2021 with the unveiling of its emblem ‘Rising A’ and tagline ‘It’s Your Sky’. ‘Rising A’ is inspired by the elements of the sky. According to the information available on its website, it symbolizes the warmth of the rising sun, the spontaneous flight of a bird and the dependence of the wings of an aircraft.
“It’s Your Sky” is the brand’s promise to embrace all and create an inclusive environment for all Indians, regardless of their socio-economic or cultural background.
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