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Former IndiGo chief Aditya Ghosh joins hands with Rakesh Jhunjhunwala; set to be Akasa co-founder

Synopsis The airline venture, being planned as an ultra-low-cost carrier (ULCC), like Irish carrier Ryanair, is Ghosh s return to the aviation industry after he quit IndiGo in 2018 after a ten-year stint as its president and whole time director. Aditya Ghosh, IndiGo s former president and one of India s most successful airline chiefs, will join hands with ace investor Rakesh Jhunjhunwala, and Jet Airways former CEO, Vinay Dube, as a co-founder of Akasa, the newest entrant-to-be in India s turbulent aviation industry, said multiple people in the know. The airline venture, being planned as an ultra-low-cost carrier (ULCC), like Irish carrier Ryanair, is Ghosh s return to the aviation industry after he quit IndiGo in 2018 after a ten-year stint as its president and whole time director.

United statesNew south walesAnand srinivasanPraveen iyerNeelu khatriRakesh jhunjhunwalaAditya ghoshVinay dubeHoneywell aerospaceJet airwaysSun country airlinesPar capital managementCountry airlinesFab indiaஒன்றுபட்டது மாநிலங்களில்புதியது தெற்கு வேல்ஸ்

Rakesh Jhunjhunwala s ultra low-cost carrier to take-off by year-end

Rakesh Jhunjhunwala s ultra low-cost carrier to take-off by year-end CNBC Aditya Ghosh, former president, IndiGo will be co-founder of Rakesh Jhunjhunwala s low-budget newest airline Akasa Air, along with former Jet Airways CEO Vinay Dube, sources told The Economic Times. According to the financial daily, Ghosh would own less than 10 percent of Akasa and will not be part of the management but will be on board as Jhunjhunwalaâs nominee. In an interview to Bloomberg, Big Bull had said he would hold 40 percent stake and Dube will have 15 percent, besides the post as CEO of the airline. Investors in Akasa include Airbnb and Par Capital Management â which has interests in US ULCC Sun Country Airlines. The ultra-low cost airline plans to have a fleet of 70 aircraft in four years.

Rajya sabhaRakesh jhunjhunwalaAditya ghoshWillie walshVinay dubeSun country airlinesDelta air lines incMinistry of civil aviationInternational air transport associationBloomberg televisionAkasa airJet airwaysBig bullPar capital managementCivil aviationCivil aviation vk singh

Aviation veteran Aditya Ghosh to help Rakesh Jhunjhunwala set up new ultra low-cost airline

UPDATED: July 29, 2021 12:11 IST Former Jet Airways CEO Vinay Dube (Left), fomer president of Indigo Aditya Ghosh (Centre) and ace investor Rakesh Jhunjhunwala (Right). Aviation veteran and former president of IndiGo Aditya Ghosh will assist ace investor Rakesh Jhunjhunwala to launch an ultra-low-cost airline. The development comes after Rakesh Jhunjhunwala said he plans to start an airline with a fleet of 70 aircraft within the next four years. Billionaire Rakesh Jhunjhunwala is planning to launch Akasa Air along with former Jet Airways CEO Vinay Dube. Reports suggest that the airline will be modelled similar to Irish ultra-low-cost Ryanair. It may be noted that it is one of the most successful and aggressive low-cost carriers in the world.

United statesAnand srinivasanPraveen iyerRakesh jhunjhunwalaAditya ghoshVinay dubeJet airwaysBloomberg televisionIndigo aditya ghoshAkasa airEconomic timesPar capital managementஒன்றுபட்டது மாநிலங்களில்ஆனந்த் ஸ்ரீநிவாசன்ப்ரவீன் இயேற்ராகேஷ் ஜுன்ஜுன்வாலா

Jhunjhunwala s airline plans could turn out to be a master stroke

Jhunjhunwala s airline plans could turn out to be a master stroke
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Rakesh jhunjhunwalaAditya ghoshVinay dubeMohan kumarAir deccanBig bull rakesh jhunjhunwalaராகேஷ் ஜுன்ஜுன்வாலாவினய் டூபேமோகன் குமார்அேக டெக்கான்பெரியது காளை ராகேஷ் ஜுன்ஜுன்வாலா

Ace Investor Rakesh Jhunjhunwala Exploring Plans To Invest In A New Low-Cost Airline Venture

Ace Investor Rakesh Jhunjhunwala Exploring Plans To Invest In A New Low-Cost Airline Venture Rakesh Jhunjhunwala (Kunal Patil/Hindustan Times via Getty Images) Ace investor Rakesh Jhunjhunwala is said to be exploring a plan to invest in building a low-fare airline venture led by a team of senior aviation professionals, Economic Times. Jhunjhunwala is believed to have held preliminary talks to invest as much as $35 million (Rs 260 crore) in the new airline which has been tentatively christened Akaasa which means the sky. A team led by former Jet Airways chief executive Vinay Dube is said to have held an initial round of discussions with Jhunjhunwala and a foreign investor in this regard.

Rakesh jhunjhunwalaVinay dubeUnion ministry of civil aviationJet airwaysUnion ministryCivil aviationராகேஷ் ஜுன்ஜுன்வாலாவினய் டூபேதொழிற்சங்கம் அமைச்சகம் ஆஃப் சிவில் விமான போக்குவரத்துஜெட் வானெறிக்குழுப்பெயர்தொழிற்சங்கம் அமைச்சகம்சிவில் விமான போக்குவரத்து