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Akasa Air Financially strong, Rakesh Jhunjhunwala’s untimely demise doesn’t matter to the company

Photo:FILE Akasa Air

Akasa Air Akash Air Founder and Chief Executive Officer (CEO) Vinay Dubey said on Wednesday that the new airline company is financially sound enough to place orders for aircraft in the next 18 months. The company’s second order will be bigger than the first. Rakesh Jhunjhunwala and his family hold around 45 per cent stake in the company. Jhunjhunwala passed away on Sunday morning. The airline had signed an agreement with Boeing on November 26 last year to buy 72 MAX aircraft. Dubey said in the statement, “Thank you Jhunjhunwala. We will always be grateful to them, Akash Air is the airline that is financially capitalized enough to induct 72 aircraft in the next five years.

The airline has received three aircraft so far

The airline has got three of the 72 planes so far. Dubey said, “We will expand our fleet by adding one aircraft every two weeks.” He is touched, it is a deep personal loss.” Dubey said, “The airline’s development is safe. In fact, our financial position is so strong that we are in a position to place aircraft orders in the next 18 months. This order will be much bigger than before.” The airline started its flight service on August 7. The first flight operated on the Mumbai-Ahmedabad route. Jhunjhunwala was also present in the inaugural flight.

Akash Air will respect the values

Akash Air will honor the legacy, values ​​and beliefs of its late billionaire investor Rakesh Jhunjhunwala and strive to operate a ‘better airline’. The airline’s chief Vinay Dubey said this. Akash Air has started operations a week ago i.e. on 7th August. Dubey, Founder and Chief Executive Officer (CEO) of Aakash Air said, “We are deeply saddened by the untimely demise of Rakesh Jhunjhunwala this morning. He also mentioned that the billionaire investor believed in the team from the beginning to build a world class airline. Dubey said in the statement that Jhunjhunwala had an invincible spirit. Aakash Air will honor Jhunjhunwala’s legacy, values ​​and belief in us by striving to run the best airline. The country’s largest airline IndiGo said Jhunjhunwala was an inspirational figure and will always be missed.

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Shivam Bangwal

Shivam Bangwal is an Indian based entrepreneur who is a tech, travel and coding enthusiast with a post graduation degree on Master's of Computer Applications. He is a founder of Youthistaan, People News Chronicle, Hitchhike TV, Branding Panther and many more.
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