Akasa Air gets government nod, to start flights in summer of 2022 – ET TravelWorld

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Akasa Air gets government nod, to start flights in summer of 2022Billionaire investor Rakesh Jhunjhunwala-backed startup airline, Akasa Air has received the nod from the government to start flight operations in India. This marks a step forward in the direction to start flying the country’s newest airline amidst recent developments in the Indian aviation industry. The government recently disinvested Air India successfully with TATA Sons emerging as the successful bidder for the airline. Grounded Jet Airways has already announced revival with plans to restart operations in early-2022.

Akasa Air in a statement said that it has received a No Objection Certificate (NOC) from the Ministry of Civil Aviation (MoCA)and now it plans to start flights by mid-next year. The airline will now apply to the Directorate General of Civil Aviation (DGCA) for an Air Operators Permit (AOP). The airline will be able to start flight operations after they receive the AOP, which will take approximate three to six months from now.

SNV Aviation Pvt Ltd, that will fly under the brand name ‘Akasa Air’, announced that it has received a No Objection Certificate from the Ministry of Civil Aviation as it embarks on its journey to offer Indian flyers a warm, efficient, reliable, and affordable travel experience. Akasa Air plans to offer flights across India starting in the summer of 2022 with an endeavour to be the nation’s most dependable, affordable and greenest airline,” mentioned the statement.

The airline, which describes itself as a “value carrier” said it was too early to provide a date for its first commercial flights.

Commenting on the development, former Jet Airways CEO, Vinay Dube, who will be the CEO of Akasa Air said, “We are extremely happy and grateful to the Ministry of Civil Aviation for their support and for the grant of the NOC. We will continue to work with the regulatory authorities on all additional compliances required to successfully launch Akasa Air. At Akasa Air, we believe having a robust air transportation system is critical for our nation’s progress. It is this belief that has motivated us to create a modern, efficient, quality conscious airline. Moreover, Akasa Air will serve all Indians regardless of their socio-economic or cultural backgrounds with warmth, inclusiveness and respect. Because at the end of the day, it is these qualities that connect people and cultures and help Indians realise their dreams.”

Jhunjhunwala had recently met Prime Minister Narendra Modi in Delhi and possibility is they might have discussed developments of the airline. While Jhunjhunwala will invest about USD 35 million and hold about 40 per cent stake in Akasa Air, there will be other investors also on board, possibly Dube and former IndiGo President, Aditya Ghosh.

The airline is expected to place an order for about 100 Boeing 737 Max. Christian Scherer, Chief Commercial Officer, Airbus has also hinted that Airbus is in conversation with Akasa Air for aircraft procurement deal.

Tuhin Kanta Pandey, who spearheaded the Air India privatisation, said that the Department of Investment and Public Asset Management (DIPAM) will now get down to working out a plan for monetising the subsidiaries of Air India which are with the special purpose vehicle AIAHL and setting off the liabilities.



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