Rakesh Jhunjhunwala backed Akasa Air has received the ‘No Objection Certificate (NOC)’ from the Ministry of Civil Aviation (MoCA).
SNV Aviation Pvt. Ltd., which will fly under the brand name Akasa Air, announced that it has received a No Objection Certificate from the Ministry of Civil Aviation as it embarks on its journey to offer Indian flyers a warm, efficient, reliable, and affordable travel experience.
Vinay Dube, CEO of Akasa Air said;
“We are extremely happy and grateful to the Ministry of Civil Aviation for their support and for the grant of the NOC. We will continue to work with the regulatory authorities on all additional compliances required to successfully launch Akasa Air”.
Akasa Air plans to offer flights across India starting in the summer of 2022 with an endeavor to be the nation’s most dependable, affordable, and greenest airline.
Vinay Dube further said, “At Akasa Air, we believe having a robust air transportation system is critical for our nation’s progress. It is this belief that has motivated us to create a modern, efficient, quality-conscious airline.”
“Moreover, Akasa Air will serve all Indians regardless of their socio-economic or cultural backgrounds with warmth, inclusiveness, and respect. Because at the end of the day, it is these qualities that connect people and cultures and help Indians realize their dreams.”
The airline is looking to start operation in India by the summer of 2022, the company added in its statement.
According to reports, Akasa Air is in talks with Boeing and Airbus for buying aircraft. Earlier on July 28, reports emerged that Jhunjhunwala was planning on having 70 planes in four years for a new airline venture that he has decided to back.
Jhunjhunwala is expected to own nearly 40 percent of the stake in the new airline and is considering investing $35 million in the venture.
Former President of domestic carrier Indigo, Aditya Ghosh will be the co-founder of Akasa, along with Jhunjhunwala and former Jet Airways CEO Vinay Dube.