Big Boys and their Toys â Jhunjhunwala & Akasa Air For billionaire Rakesh Jhunjhunwala, the investment in Akasa Air is a thought out play on India's growth bouncing back. India's most successful investor, Rakesh Jhunjhunwala, submitted a NOC to the aviation ministry to launch a low cost airline Akasa Air Aabha Bakaya Updated Jul 30, 2021, 6:26 PM IST The world has been reeling from the impact of the pandemic, with travel shutting down and companies struggling to stay afloat. Last year, Warren Buffet, one of the world's most successful investors, sold it's multibillion-dollar stakes across four US airlines. Since then, Delta is up 168%, American is up 163% and United is up 199%. With fears around the third wave, the future of travel is still uncertain and Buffet still isn't buying airlines.