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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.
BENGALURU (Reuters) -Indian ultra low-cost airline Akasa Air said on Wednesday it signed an agreement with CFM International for its LEAP-1B engines in a deal valued at nearly $4.5 billion at list ...
He is the co-founder of Akasa Air with Vinay Dube. [1] [2] [3] Ghosh was also the CEO of OYO Hotel & Homes, South Asia and currently serves as a member of its board. [4] [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]
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 ...
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In an efficient market, a company buying back its stock should have no effect on its price per share valuation. [citation needed] If the market fairly prices a company's shares at $50/share, and the company buys back 100 shares for $5,000, it now has $5,000 less cash but there are 100 fewer shares outstanding; the net effect should be that the underlying value of each share is unchanged.