Akasa Air
AKASA AIR AKASA AIR Follow Akasa Air is an upcoming ultra-low-cost Indian airline co-founded by billionaire and stocks trader Rakesh Jhunjhunwala and former Jet Airways CEO Vinay Dube. Developments In October 2021, Akasa Air received a 'no objection certificate' (NOC) from the Ministry of Civil Aviation. The NOC will be held by SNV Aviation, the holding company for the proposed airline. The airline is now in the process of receiving the Air Operator Permit (AoP) certificate after aircraft acquisition and other required procedures. Acquiring the NOC is the first stage, which is followed by a security background check after which an AoP is issued. Thereafter, the technical viability of the airline receives a safety clearance. Akasa Air, backed by Indian billionaire Rakesh Jhunjhunwala, will begin flight operations in the next six months after receiving an AOC. The airline plans to operate approximately 70 planes in the next four years. It is planning to ...