 "Akasa Air gets air operator certificate from DGCA; to take off by July-end")
Billionaire investor Rakesh Juhunjhunwala-owned Akasa Air has been cleared for take-off. The no-frills airline received its air operator certificate (AOC) from the Directorate General of Civil Aviation (DGCA) on Thursday. The airline will start its operations from the end of July.
The grant of the AOC is the final step of a comprehensive process laid down by the DGCA. The airline inducted its first Boeing 737 Max aircraft on June 21. It plans to start its service, connecting metro cities with tier II and III cities, after adding its second aircraft. The airline hopes to have 18 aircrafts by the end of financial year (FY) 2023.
“We now look forward to opening our flights for sale, leading to the start of commercial operations by late-July. This will begin our journey towards building India’s greenest, most dependable, and most affordable airline,” the Akasa air’s founder and CEO, Vinay Dube said in a statement.
Dube, who served as the CEO of Jet Airways, teamed up with his former colleagues and, IndiGo’s former president Aditya Ghosh to launch the airline.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →Subscribe to Business Standard digital and get complimentary access to The New York Times
Quarterly Starter
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
Save 46%
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Access to Exclusive Premium Stories Online
Over 30 behind the paywall stories daily, handpicked by our editors for subscribers
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%