New airline 'Akasa' in talks with the top mgmt of the Jet Airways; initial discussion begins

A new airline with the top management of the Jet Airways 1.O is in the works. The working name called "Akasa" the airline is looking to be an Ultra Low Cost Carrier in the market. The airline is looking to raise a 100 mn $ for funding of the initial round. The co has already spoke to 7-8 foreign investors and the company is currently is speaking to ace investor Rakesh Jhunjhunwala. The co has already started initial discussion with Airbus and Boeing for 737 Max and 320 Neos. 

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Categories: Akasa Jul 2021, Jet Airways Jul 2021