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.