India's newest airline Akasa Air on Monday paid tribute to their late investor & business magnate Rakesh Jhunjhunwala on his first death anniversary. Rakesh Jhunjhunwala passed away on August 14, 2022, after suffering from a kidney-related problem and multiple organ failure. In a tweet, Akasa Air wrote, "Today, we honour and remember the life of a visionary, a trailblazer, and the true titan, that was the late Mr. Rakesh Jhunjhunwala. As we mark the anniversary of his passing, we reflect on the indelible mark he has left on India’s progress and his enduring impact on generations to come.
Mr. Jhunjhunwala was a true believer in India’s potential and saw Akasa Air serving the nation by building the transportation links to support India’s ongoing economic transformation. He seeded the ability that enables Akasa to deliver on our ambitious roadmap. We cannot thank him enough for being an early believer and for putting his faith in us to build a world-class airline.
Mr. Jhunjhunwala had an invincible spirit, was deeply passionate about everything Indian and cared greatly for the well-being of our employees and customers. Akasa Air will always honour his legacy, values and belief in us by striving to run a great airline."
Indian billionaire investor Rakesh Jhunjhunwala was the largest shareholder in Akasa Air before his death in August 2022. He had invested 35 million USD in the airline for a 40% stake which he later raised to 46%.
Akasa Air is a low-cost carrier that was founded in 2021. It is the first airline to be launched in India in a decade. The airline has received a lot of attention from investors, and it is seen as a potential challenger to the established players in the Indian aviation market.
14/08/2023 BQ Prime
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