Akasa Air is baked by RakeshJhunjhunwala as well as ex-Jet Airways CEO VinayDube.
The new airline has set its aim to start operations by mid-2022.
The airline has planned to operate approximately 70 planes in next four years.
Akasa Airline is a Ultra-low-cost carrier service (ULCC), which is being launched by RakeshJhunjhunwala.
ULCC stands for “ultra-low-cost carriers”. Under this airline business model, company focuses on keeping operating costs lower than the typical budget airlines such as IndiGo and SpiceJet. In low-cost carriers (LCC) model, airlines unbundle certain amenities which are usually associated with the full-service airline experience such as seat selection, food and beverages, etc. In the ultra-low-cost model, there will be more unbundling of services including checked-in baggage, cabin baggage, etc. LCCs operate with lower fares while ULCCs operate with minimal costs in order to ensure profitability.
