Rakesh Jhunjhunwala Can Launch His Own Airlines By June; Rs 67,000 Cr Spent For 72 Aircrafts!

The new domestic budget airline Akasa Air, backed by the Indian ace investor Rakesh Jhunjhunwala has been reported to commence its services from June 2022. 

In an aviation event organized in Hyderabad recently, the new airline’s CEO Vinay Dube informed about the company’s first upcoming launch and stated that they plan to add 72 aircrafts in their fleet over the next five years.

Here’s everything you need to know about the upcoming low-budget air carrier, backed by the Big Bull.

Akasa Air to Launch in June

According to the company’s CEO Vinay Dube, speaking at the Wings India 2022 aviation event, Akasa Air plans to launch its first flight in June 2022 and hopes to add 72 flights by 2027.

“We hope to launch our first commercial flight in the month of June. We are working very closely with the Ministry of Civil Aviation, DGCA (Director General of Civil Aviation) to get our licensing done”, he stated.

Dube added that the airline was very excited to serve the people with warmth, affection and kindness.

Details Regarding the Flight

According to Dube, Akasa Air will add 18 airplanes to its fleet within a year of it starting its first flight in the country, followed by adding 12-14 flights every year until 2027, bringing the count to 72 in this period.

The airline will start its services from metro cities in the country to Tier II and III cities, and connect metros to metros.

Dube informed that flights to international locations will start from the second half of 2023, as soon as its fleet houses 20 airplanes.

In November last year, Akasa Air, which is to compete with other Indian airlines like IndiGo and SpiceJet, placed an order for 72 Boeing737 MAX jets, valued at nearly $9 billion at list prices, added a Reuters report.

The airlines obtained its initial clearance from India’s civil aviation ministry back in October 2021, for starting its operations.