India To Get A New Budget Airline In June 2022
Last updated on March 26th, 2022 at 03:45 am
The air show in Hyderabad had a big announcement to make about the aviation industry in India. Known as the ‘Indian Warren Buffett’ of India, Rakesh Jhunjhunwala is now aiming to launch a new airline for India by June this year.
The new airline Akasa Air will have 18 aircrafts within 12 months from launch. The airline plans to expand its fleet to 72 planes in the next five years. This was shared by the Chief Executive Vinay Dube who further added talking about a new budget commercial airline.
The carrier will fly within India. Dube did not say which cities it would serve. In November last year, Akasa Air, which will compete with other Indian airlines like IndiGo and SpiceJet, placed an order for 72 Boeing BA MAX jets, valued at nearly $9 billion at list prices. Akasa Air received initial clearance from India’s civil aviation ministry to start operations in October last year.
Mr. Dube has also said that the airline is working with the Ministry of Civil Aviation (MoCA) and Directorate General of Civil Aviation (DGCA) to get all due processes completed. As the co-founder of the airline Dube has also stated that the SNV Aviation Private Limited operated Akasa, got a no-objection certificate (NOC) from the government last October.
The announcement comes at a time when the Indian government is investing seriously into the aviation sector. It is also making moves towards heavy privatization of airports across the nation. Jyotiraditya Sindya has recently commented that Scindia further said that at a time when the airline industry world over is facing turbulence, two new airlines, Jet and Akasa, will soon launch their services.
Replying to the Demands for Grants, 2022-23, for the Ministry of Civil Aviation Scindia also has said that along with the paradigm shift and a structural change that the government has come about in the sector in the last two years, it will also focus on inclusion, access and affordability to increase demand among common man.