Rakesh Jhunjhunwala's Airline Akasa Air Receives NOC From Ministry Of Civil Aviation

According to a corporate statement released on October 11, the Ministry of Civil Aviation has issued a No-Objection Certificate (NOC) for the establishment of Rakesh Jhunjhunwala's new airline "Akasa Air". By the summer of 2022, the new airline hopes to be operational. Rakesh Jhunjhunwala and Vinay Dube, the former CEO of Jet Airways, have financed Akasa Air. In the next four years, the airline intends to operate over 70 planes.