Aditya Ghosh, IndiGo NSE -1.05 %’s former president and one of India’s most successful airline chiefs, will join hands with ace investor Rakesh Jhunjhunwala, and Jet Airways NSE -4.94 %’ former CEO, Vinay Dube, as a co-founder of Akasa, the newest entrant-to-be in India’s turbulent aviation industry, said multiple people in the know.
The airline venture, being planned as an ultra-low-cost carrier (ULCC), like Irish carrier Ryanair, is Ghosh’s return to the aviation industry after he quit IndiGo in 2018 after a ten-year stint as its president and whole time director.
