Akasa is a proposed low cost carrier to be based in India planning to commence operations by the end of Jul-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.
Akasa Air applied to India's Directorate General of Civil Aviation (DGCA) for an air operator's permit (AOP) in Dec-2021 and is expected to receive the AOP by Apr-2022.
In Apr-2022, Akasa Air CEO Vinay Dube reported the start-up LCC expects to take delivery of its first aircraft in early Jun-2022 and to launch its first commercial flight in Jul-2022. Mr Dube also said the LCC aims to commence scheduled international services in 2Q2023.
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