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Jhunjhunwala-backed budget airline may take off by year-end


NEW DELHI: A startup airline funded by billionaire investor Rakesh Jhunjhunwala and piloted by aviation veteran Vinay Dube could take to the skies by late this year or early next.
Dube told TOI that an application for a no objection certificate (NOC) — the precursor to airline licence — has been sought from the aviation ministry for “SNV Aviation”, which will be the holding company for the proposed budget airline “Akasa Air”. “We are working with the ministry as per the regulations to ensure that we are compliant with all necessary filing requirements and hope that the NOC will be granted to us soon,” Dube said.

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