Akasa is a proposed low cost carrier to be based in India planning to commence operations in mid-2022. The airline will be run by former Jet Airways CEO Vinay Dube. Rakesh Jhunjhunwala is considering plans to invest USD35 million to acquire a 40% stake in proposed start-up LCC. Mr Jhunjhunwala said the proposed LCC aims to acquire 70 aircraft within the next four years and is targeting aircraft equipped to accommodate approximately 180 passengers. India's Ministry of Civil Aviation (MoCA) and Directorate General of Civil Aviation (DGCA) awarded a no objection certificate to Akasa in Aug-2021.
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