Akasa Air, Backed by Rakesh Jhunjhunwala

Akasa Air

Akasa Air, which is funded by billionaire businessman Rakesh Jhunjhunwala, posted photos of its new plane on Twitter today, claiming that it will begin operations in July.

As it prepares for delivery, the airline shared photos of its first Boeing 737 Max plane from the production site in Portland, Oregon.

The CFM LEAP B engine will power the Max aircraft, according to the company. “The 737 Max is one of the strategic factors that will give Akasa Air a competitive edge in its dynamic home market,” according to the statement. “It provides the lowest seat-mile costs for a single-aisle aeroplane, as well as high dispatch reliability and an enhanced passenger experience.”

The images were released by the airline’s Twitter account amid fears that the beginning of its services would be delayed. According to recent sources, Akasa Air has failed to acquire its first aircraft, which could force the airline to delay its services launch.

SNV Aviation, a Mumbai-based airline, acquired the necessary no-objection certificate from the Union Civil Aviation Ministry in October.

The airline must now complete a series of proving flights before receiving an Air Operator Certificate, which is the final regulatory approval required to commence operations.

Mr Jhunjhunwala has formed a partnership with Aditya Ghosh, the former CEO of IndiGo, and Vinay Dube, the former CEO of Jet Airways, to start a domestic airline to meet demand.

Akasa Air ordered 72 Boeing 737 MAX jets last year, valued at roughly $9 billion at list prices.

The airline will launch operations at a time when the country’s aviation industry is slowly emerging from the devastating effects of the Covid outbreak.

As Jet Airways prepares to relaunch after a nearly three-year hiatus, the market is expected to see more competition. The airline now aims to resume commercial flying operations in the summer of this year, between July and September.

In addition, the Tata Group has taken over Air India and is working hard to restore the carrier’s former glory.

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