As per the latest reports, Former Indigo President and aviation veteran and Aditya Ghosh will join Rakesh Jhunjhunwala in his upcoming venture. Prime investor Jhunjhunwala is said to be planning to launch an ultra-low-cost-airline named Akasa. This model is already successful and aggressive in the aviation business globally. As per the reports, Aditya will own around 10% of the airline and Jhunjunwala will invest $35 million and would own 40 per cent of the firm as he believes more people will travel through the air going forward.
Many aviation veterans are said to be joining the Akasa in notable positions. A few of them are Jet Airways Senior VP Praveen Iyer as the COO, Former GoAir Revenue Management VP Anand Srinivasan as CTO, and Former Jet flight operations VP Floyd Gracious in a similar role. Industry veteran Neelu Khatri is expected to be the Head of Corporate Affairs.
Ghosh has worked at Indigo for 10 years and built it up from a new entrant into India’s biggest carrier with a fleet of 160 planes and a market share of Rs 55,000 crore, the report noted.