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Akasa Air, which launched services in August last year, has placed an order for 72 Boeing 737 Max planes

With Akasa Air's 72-plane order, Indian airlines have more than 1100 planes on order

Akasa Air eyes to fly international, places large plane order  

Akasa Air, which launched services in August last year, has placed an order for 72 Boeing 737 Max planes

The country's airline industry is poised for expansion with more than 1,100 planes on order by various domestic carriers. After Air India placed an order for a total of 470 planes with Airbus and Boeing, budget airline Akasa Air will place a "substantially" large order for new narrowbody jets this year. According to reports, Akasa Air, which launched services in August last year, has placed an order for 72 Boeing 737 Max planes. The airline is looking to capitalise on booming demand at home and begin international flights, the company's founder and CEO Vinay Dube told Reuters.
The order is likely to be made before the end of this year and will be for narrowbody planes.&nbsp;

Ready to take to the skies Rakesh Jhunjhunwala backed Akasa Air revealed its look for the first time on social media as it tweeted a picture of the orange and purple aircraft in the hangar. Akasa Air tweeted along with the picture “Can’t keep calm! Say hi to our QP-pie!" The QP is the code allocated to the airline that is set to takeoff in July as per reports.We expect our first aircraft delivery by early June 2022, with the intention to start commercial operations in July 2022," Vinay Dube, CEO, Akasa Air, told PTI.A 72 plane plan with Boeing for the 737 MAX has been signed by the aircraft, first delivery of which is by June. Akasa Air's launch will be followed by erstwhile airline giant Jet Airways as well taking to the runaway once again by September. 

FIRST LOOK at Rakesh Jhunjhunwala's Akasa Air

Akasa&nbsp;Air got&nbsp;nod in August 2021 to launch commercial flight operations

Ready to take to the skies Rakesh&nbsp;Jhunjhunwala&nbsp;backed Akasa&nbsp;Air revealed its look for the first time on social media as it tweeted a picture of the orange and purple aircraft in the hangar.&nbsp; Akasa Air tweeted along with the picture&nbsp;&ldquo;Can&rsquo;t keep calm! Say hi to our QP-pie!" The QP is the code allocated to the airline that is set to takeoff in July as per reports.
Also read/watch| <a title="1 new billionaire every 30 hours! Shocking report highlights crisis profiteering" href="https://www.editorji.com/business-news/1-new-billionaire-every-30-hours-shocking-report-highlights-crisis-profiteering-1653279274752">1 new billionaire every 30 hours! Shocking report highlights crisis profiteering</a> We expect our first aircraft delivery by early June 2022, with the intention to start commercial operations in July 2022," Vinay Dube, CEO, Akasa Air, told PTI. A 72 plane plan with Boeing for the 737 MAX has been signed by the aircraft, first delivery of which is by June. Akasa&nbsp;Air's launch will be followed by erstwhile airline giant Jet Airways as well taking to the runaway once again by September.&nbsp;

Rakesh Jhunjhunwala-backed low-cost carrier Akasa Air on Wednesday unveiled its much-anticipated brand identity with the unveiling of its 'Rising A' symbol and tagline, 'It's Your Sky'."Unveiling ‘The Rising A’ of Akasa Air. Inspired by elements of the sky, The Rising A symbolises the warmth of the sun, the effortless flight of a bird, and the dependability of an aircraft wing," Akasa Air tweeted.SNV Aviation, which owns Akasa Air, earlier said it expects to start flying next year after getting initial clearance from the civil aviation ministry to launch the country's latest ultra-low-cost carrier.

Akasa Air unveils airline's 'Rising A' brand logo; you can soon book your tickets 

Akasa Air plans to offer flights across India starting in the summer of 2022 with an "endeavour to be the nation's most dependable, affordable and greenest airline".



Akasa Air unveils airline's 'Rising A' brand logo

Akasa Air plans to offer flights across India starting in the summer of 2022

Rakesh Jhunjhunwala-backed low-cost carrier Akasa Air on Wednesday unveiled its much-anticipated brand identity with the unveiling of its 'Rising A' symbol and tagline, 'It's Your Sky'.
Also watch |&nbsp;<a title="Top Market Headlines: Santa rally to easing Omicron concerns, all you need to know&nbsp;" href="https://www.editorji.com/business-news/markets/top-market-headlines-santa-rally-to-easing-omicron-concerns-all-you-need-to-know-1640227502941">Top Market Headlines: Santa rally to easing Omicron concerns, all you need to know&nbsp;</a> "Unveiling &lsquo;The Rising A&rsquo; of Akasa Air. Inspired by elements of the sky, The Rising A symbolises the warmth of the sun, the effortless flight of a bird, and the dependability of an aircraft wing," Akasa Air tweeted. SNV Aviation, which owns Akasa Air, earlier said it expects to start flying next year after getting initial clearance from the civil aviation ministry to launch the country's latest ultra-low-cost carrier.

Adding wings&nbsp;to an already soaring portfolio,&nbsp;Akasa Air, the airline venture promoted by billionaire investor Rakesh Jhunjhunwala, has received the no-objection certificate from the Ministry of Civil Aviation.&nbsp;Read/Watch Also: Jhunjhunwala&nbsp;meets PM ModiThe holding company&nbsp;SNV Aviation Private Limited will fly under the brand name Akasa Air and operations are expected to begin in the summer of 2022.&nbsp;The airline plans to operate approximately 70 planes in the next four years.Ace investor Jhunjhunwala&nbsp;has roped in ex-Jet official Vinay Dube&nbsp;and former Indigo chief Aditya&nbsp;Ghosh&nbsp;on its board.&nbsp;Jhunjhunwala&nbsp;reportedly invested nearly Rs 260 crore&nbsp;for a 40 per cent stake in Akasa.Vinay Dube&nbsp;who is also&nbsp;CEO of Akasa Air said, "We are extremely happy and grateful to the Ministry of Civil Aviation for their support and the grant of the NOC. We will continue to work with the regulatory authorities on all additional compliances required to successfully launch Akasa Air"Ghosh congratulated Dube and his team on getting the NOC. "Many&nbsp;congratulations&nbsp;to VinayDube and Team #AKASA on receiving the NOC from MOCA," he tweeted.

Rakesh Jhunjhunwala-backed Akasa Air gets nod; first flight likely in 2022

All aboard! Jhunjhunwala backed Akasa gets nod to take off, first flight likely next year. 

Changing skies - Akasa set to take off after govt nod

Jhunjhunwala&nbsp;invested ₹260 crore&nbsp;for a 40% stake in Akasa

SNV Aviation, which will fly under the Akasa Air brand, said in a statement it has received a "no objection certificate" from the aviation&nbsp;ministry

Adding wings&nbsp;to an already soaring portfolio,&nbsp;Akasa Air, the airline venture promoted by billionaire investor Rakesh Jhunjhunwala, has received the no-objection certificate from the Ministry of Civil Aviation.&nbsp; Read/Watch Also: <a style="color: #0000ff;" href="https://www.editorji.com/business-news/markets/pm-modi-meets-big-bull-rakesh-jhuhjhunwala-find-out-more-1633487791080">Jhunjhunwala&nbsp;meets PM Modi</a> The holding company&nbsp;SNV Aviation Private Limited will fly under the brand name Akasa Air and operations are expected to begin in the summer of 2022.&nbsp;The airline plans to operate approximately 70 planes in the next four years. Ace investor Jhunjhunwala&nbsp;has roped in ex-Jet official Vinay Dube&nbsp;and former Indigo chief Aditya&nbsp;Ghosh&nbsp;on its board.&nbsp;Jhunjhunwala&nbsp;reportedly invested nearly Rs 260 crore&nbsp;for a 40 per cent stake in Akasa. Vinay Dube&nbsp;who is also&nbsp;CEO of Akasa Air said, "We are extremely happy and grateful to the Ministry of Civil Aviation for their support and the grant of the NOC. We will continue to work with the regulatory authorities on all additional compliances required to successfully launch Akasa Air" Ghosh congratulated Dube and his team on getting the NOC. "Many&nbsp;congratulations&nbsp;to VinayDube and Team #AKASA on receiving the NOC from MOCA," he tweeted.

Another high-level hiring by the planned airline of ace investor Rakesh&nbsp;Jhunjhunwala&nbsp;as he hires former head of treasury and investor relations at Indigo Ankur&nbsp;Goel&nbsp;as its Chief Financial Officer.
Also read:&nbsp;Rakesh Jhunjhunwala buys stake in this PSU bank
The airline firm&nbsp;Akasa&nbsp;had also roped in former Indigo president Aditya&nbsp;Ghosh.
Akasa, which is founded by Jhunjhunwala&nbsp;alongside former Jet Airways CEO&nbsp;Vinay&nbsp;Dube&nbsp;aims to start operating by summer next year, as per the reports.
Rakesh&nbsp;Jhunjhunwala&nbsp;backed airline is also in negotiations with Boeing&nbsp;to add a 100 Max 737 aircrafts.
Goel was a core member of the team that led IndiGo&rsquo;s public listing in 2015 that raised Rs 3,000 crore followed by a Qualified Institutional Placement (QIP) in 2017 through which it raised around Rs 4,000 crore.
Jhunjhunwala has reportedly invested Rs 247&nbsp;crore in the airline and is very bullish on India's aviation sector, which has been hit by the pandemic.

Rakesh Jhunjhunwala's airline Akasa hires another former Indigo executive

Rakesh Jhunjhunwala-backed airline Akasa&nbsp;has hired another former executive of Indigo as its CFO.&nbsp;

Rakesh Jhunjhunwala airline hires CFO

Jhunjhunwala has reportedly invested Rs 247&nbsp;crore in the airline and is very bullish on India's aviation sector, which has been hit by the pandemic.

Another Indigo executive comes on- board&nbsp;Rakesh&nbsp;Jhunjhunwala's&nbsp;planned airline Akasa.
Also read:&nbsp;<a href="https://www.editorji.com/story/rakesh-jhunjhunwala-buys-stake-in-this-psu-bank-1629868875478" target="_blank">Rakesh Jhunjhunwala buys stake in this PSU bank</a>
Ankur&nbsp;Goel, former head of treasury and investor relations at Indigo airlines joins Akasa&nbsp;as its Chief Financial&nbsp;Officer. The airline had also roped in former Indigo president Aditya&nbsp;Ghosh.
Akasa, which is founded by Jhunjhunwala&nbsp;alongside former Jet Airways CEO&nbsp;Vinay&nbsp;Dube&nbsp;aims to start operating by summer next year, as per the reports.
Rakesh&nbsp;Jhunjhunwala&nbsp;backed airline is also in negotiations with Boeing&nbsp;to add a 100 Max 737 aircraft.
Goel was a core member of the team that led IndiGo&rsquo;s public listing in 2015 that raised Rs 3,000 crore followed by a Qualified Institutional Placement (QIP) in 2017 through which it raised around Rs 4,000 crore.
Jhunjhunwala has reportedly invested Rs 247&nbsp;crore in the airline and is very bullish on India's aviation sector, which has been hit by the pandemic.

Aviation veteran and former Indigo president Aditya&nbsp;Ghosh&nbsp;will join Rakesh&nbsp;Jhunjhunwala&nbsp;in his new upcoming venture.
Ace investor Rakesh&nbsp;Jhunjhunwala&nbsp;is said to be planning to launch an ultra-low-cost airline Akasa, modeled just like Irish carrier Ryanair&nbsp;which is one of the most successful and aggressive affordable airlines in the world.
As per the reports, Ghosh&nbsp;will own somewhere around 10% of the airline.
Rakesh&nbsp;Jhunjhunwala&nbsp;will invest $35 million and would own 40% of the firm as he believes more people will travel through the air going forward.
&nbsp;

Veteran Aditya Ghosh joins Rakesh Jhunjhunwala's new airline business

Rakesh&nbsp;Jhunjhunwala&nbsp;will invest $35 million and would own 40% of the firm as he believes more people will travel through the air going forward.

Aviation veteran and former Indigo president Aditya&nbsp;Ghosh&nbsp;will join Rakesh&nbsp;Jhunjhunwala&nbsp;in his new upcoming venture.
Ace investor Rakesh&nbsp;Jhunjhunwala&nbsp;is said to be planning to launch an ultra-low-cost airline Akasa, modeled just like Irish carrier Ryanair&nbsp;which is one of the most successful and aggressive affordable airlines in the world.
As per the reports, Ghosh&nbsp;will own somewhere around 10% of the airline.
Rakesh&nbsp;Jhunjhunwala&nbsp;will invest $35 million and would own 40% of the firm as he believes more people will travel through the air going forward.

Rakesh&nbsp;Jhunjhunwala&nbsp;will invest $35 million and would own 40% of Akasa

Aviation veteran and former Indigo president Aditya&nbsp;Ghosh&nbsp;will join Rakesh&nbsp;Jhunjhunwala&nbsp;in his new upcoming venture.
Ace investor Rakesh&nbsp;Jhunjhunwala&nbsp;is said to be planning to launch an ultra-low-cost airline Akasa, modeled just like Irish carrier Ryanair&nbsp;which is one of the most successful and aggressive affordable airlines in the world.
As per the reports, Ghosh&nbsp;will own somewhere around 10% of the airline.
Rakesh&nbsp;Jhunjhunwala&nbsp;will invest $35 million and would own 40% of the firm as he believes more people will travel through the air going forward.
&nbsp;

'Akasa' is the new name in the skies, although tentative name this airline already has the backing of the big bull Rakesh&nbsp;Jhunjhunwala as per reports. The aviation venture is led by seasoned professional Vinay Dube, CEO of Jet Airways.'Akasa' which is awaiting a no-objection certificate from the Ministry of Civil Aviation is looking to be a&nbsp;Ultra Low Cost Carrier in the market. Reports indicate that&nbsp;Rakesh Jhunjhunwala likely to invest Rs 260&nbsp;crore in new low-fare airline. This would not be the first investment in aviation for the big bull who has earlier invested in airline companies such as SpiceJet and Jet Airways, where he held around one percent of their equity capital in each company.&nbsp;

Akasa Air Spotted! Why Rakesh Jhunjhunwala is betting on this new airline

Jet Airways stock has halved in the last 2 weeks as a new airline looks to grab the runaway and has the big bull backing it!&nbsp;

New Airline in the offing

<ul>
<li>New airline Akasa&nbsp;likely to be launched by erstwhile Jet Management&nbsp;</li>
<li>Rakesh&nbsp;Jhunjhunwala&nbsp;likely to invest in Akasa&nbsp;</li>
<li>Akasa&nbsp;Air is awaiting NOC&nbsp;from Aviation Ministry</li>
<li>Akasa&nbsp;aims to be a ultra-low cost airline</li>
<li>Rakesh&nbsp;Jhunjhunwala&nbsp;likely to invest Rs 260 cr in Akasa&nbsp;Air</li>
</ul>

Reports indicate that carrier that has been named "Akasa" is looking to be an Ultra Low Cost Carrier&nbsp;&nbsp;

'Akasa' is the new name in the skies, although tentative name this airline already has the backing of the big bull Rakesh&nbsp;Jhunjhunwala as per reports. The aviation venture is led by seasoned professional Vinay Dube, CEO of Jet Airways. 'Akasa' which is awaiting a no-objection certificate from the Ministry of Civil Aviation is looking to be a&nbsp;Ultra Low Cost Carrier in the market. Reports indicate that&nbsp;Rakesh Jhunjhunwala likely to invest Rs 260&nbsp;crore in new low-fare airline. This would not be the first investment in aviation for the big bull who has earlier invested in airline companies such as SpiceJet and Jet Airways, where he held around one percent of their equity capital in each company. &nbsp;Read/Watch Also: <a href="https://www.edtr.ai/9tqp">Jet Set and Nowhere to Go</a>

akasa

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