Ace investor Rakesh Jhunjhunwala plans new ultra low-cost airline
NEW DELHI: Despite the closure of two major airlines (Kingfisher Airlines and Jet Airways) in the past decade, ace investor Rakesh Jhunjhunwala is planning to start a new one and is confident of receiving a no-objection certificate from the aviation ministry in the next 15 days.
In an interview to Bloomberg TV, Jhunjhunwala said that he plans on having 70 aircraft within four years for the new airline which will be called Akasa Air. The new airline will be an ultra-low cost carrier.
