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.