Tuesday, October 12, 2021

Why the Tata-Air India deal is trouble for Rakesh Jhunjhunwala’s Akasa

Akasa, the startup airline that’s been in the news a lot, is yet to make any moves beyond the public acceptance by maverick investor Rakesh Jhunjhunwala about his investments. Very few carriers make you sit up and notice them even before their engines start. Over a decade and half ago, when IndiGo ordered 100 aircraft at the Paris air show, many had written it off before its first flight. Akasa, which got its No Objection Certificate (NOC) on October 11, will be noticed right from the announcement, as was Vistara or AirAsia India. While aviation is all about being in the news for the right reasons, more often than not, aviation in India is in the news for losses and how brutal the market is.

With slots running out fast across the country and the Tata Group, with four carriers, definitely looking at integrating and strengthening its presence in the major metros and Tier I cities, the going will be tough for Akasa. Read how >>

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