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SNV Aviation Private Limited (d/b/a Akasa Air), [7] is an Indian low-cost airline headquartered in Mumbai, Maharashtra, India. [8] It was founded by Vinay Dube and Aditya Ghosh with investor Rakesh Jhunjhunwala holding a 46% stake in the airline.
As of February 2024, the new airline has 24 aircraft and flies to 19 cities. Rakesh had increased his stake in the airline to 46% becoming the largest stakeholder in the company prior to his death. His final appearance was at the inaugural event of Akasa Air and he later flew on the airline's first flight between Mumbai and Ahmedabad on 7 August.
The following is a list of low-cost carriers organised by home country. A low-cost carrier or low-cost airline (also known as a no-frills, discount or budget carrier or airline) is an airline that offers generally low fares in exchange for eliminating many traditional passenger services.
Akasa Air, backed by Indian billionaire Rakesh Jhunjhunwala, said on Monday it expects to start flying next year after getting initial clearance from the civil aviation ministry to launch the ...
Sealed Air Corporation (NYSE:SEE) shareholders should be happy to see the share price up 10% in the last week. But in...
He is the co-founder of Akasa Air with Vinay Dube . [1] [2] [3] Ghosh was also the CEO of OYO Hotel & Homes, [4] South Asia and currently serves as a member of its board. [5] He is a member of the board of management at Ashoka University [6] and a visiting faculty at the university's Department of Entrepreneurship. [7] [8]
(For example, 500 shares at $32 may become 1000 shares at $16.) Many major firms like to keep their price in the $25 to $75 price range. A US share must be priced at $1 or more to be covered by NASDAQ. If the share price falls below that level, the stock is "delisted" and becomes an OTC (over the counter stock). A stock must have a price of $1 ...
It recorded an air traffic of 376 million passengers in fiscal year 2024, of which 306 million were domestic passengers. The largest airline by international passenger traffic was Air India which had a share of 23.6% of total international passenger traffic in and out of India in 2024, followed by Indigo (17.6 %).