Wednesday, October 13, 2021

What are the odds against Rakesh Jhunjhunwala’s Akasa?

Downturns can be the perfect time to launch a new start-up. The new kid on the block starts with a clean slate (with no baggage), it can seek bargains and strike long-term deals on all inputs and with all vendors and suppliers at rock bottom prices; talent is available at a cheaper price, among a whole host of other factors. Even as Akasa obtained a no-objection certificate from the aviation ministry, industry experts and analysts argue that Akasa’s going may not be as easy and smooth as it or others think. Many factors are likely to make its road ahead rocky and full of potholes.  See what they are >>

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