Rakesh Jhunjhunwala, ace investor and founding father of Akasa Air not too long ago died in Mumbai at an age of 62 years. Jhunjhunwala was final seen per week earlier than his dying on the inaugural flight of Akasa Air between Mumbai and Ahmedabad. Thanking his contribution, Jyotiraditya Scindia, Aviation Minister of India stated that India obtained a model new airline after greater than a decade and it’ll give an impetus to the aviation business right here. Nonetheless, there have been few stories and rumours surrounding the monetary standing of Akasa Air, with the demise of the founding father of the airline.
In a not too long ago launched assertion, Vinay Dube, Founder and CEO at Akasa Air stated, “Yesterday we received our third aircraft in Delhi, which will be put into operation on the Mumbai-Bengaluru sector shortly. We will continue to grow our fleet by adding one new aircraft every two weeks. While these are gratifying moments in our journey, we at Akasa Air continue to mourn the passing of Mr. Jhunjhunwala. For those of us at Akasa that got to know him and whose lives he has touched, this is a deep personal loss.”
Akasa Air: Monetary Well being
Talking in regards to the monetary well being of Akasa Air, Dube stated: “Thanks in no small part to Mr. Jhunjhunwala, for which we will always be grateful, Akasa Air is a well-capitalized airline with the financial means to induct 72 aircraft over the next five years. In fact, our financial platform is strong enough to allow Akasa to place an aircraft order in the next 18 months that will be significantly larger than our first. In simple terms, our growth is secure.”
Akasa Air obtained its first Boeing 737 MAX delivered on the Delhi Airport in June and began flight operations from August 7. Akasa has shortlisted Mumbai, Ahmedabad, Kochi, Bengaluru and Chennai for the preliminary part of operations and has introduced the variety of flights on every route as properly.
“We are also thankful that Mr. Jhunjhunwala supported us in recruiting some of the best aviation talent in the country. He wanted us to have a top-notch leadership team that made all day-to-day decisions at the airline without having to fall back on him or any other investor. Anyone that saw him on our inaugural flight on August 7th knows how proud he was of each Akasa employee and partner. On our part, we couldn’t be prouder and more fortunate to have known him,” stated Akasa CEO.
“Mr. Jhunjhunwala recognised India’s potential as one of the fastest-growing aviation markets in the world with an unparalleled potential and decades of progress ahead of us. He was a true believer in India’s potential and saw Akasa Air serving our nation by building the transportation links that will support India’s ongoing economic transformation,” he additional added. “Akasa Air will honour Mr. Jhunjhunwala’s legacy, values, and belief in us by striving to run an extraordinary airline.”
