Insta
Rakesh Jhunjhunwala-Backed Airline Venture Akasa Hiring Jet Airways Veterans To Fill Its Top Management
(Rakesh Jhunjhunwala)
Gearing to disrupt the Indian aviation sector, billionaire investor Rakesh Jhunjhunwala backed ultra-low-cost airline startup Akasa Airlines has brought in a host of veteran Jet Airways employees to shape up its top deck of officials, reports Moneycontrol.
The development comes merely days after the airline received the No Objection Certificate (NOC) from the Union Ministry of Civil Aviation to begin operations. It should also be noted that the company's founder and chief executive Vinay Dube was also the last chief executive of the now grounded Jet Airways.
The company is said to have named Bhavin Joshi as senior vice-president of finance and leasing and Anand Srinivasan as chief information officer. Praveen Iyer has been named chief commercial officer. Also, Belson Coutinho will head marketing, Adam Voss will be in charge of engineering, Ajit Baghchandani will helm inflight services and Captain Floyd Gracious will be the head of operations at the new airline.
It should be noted that most of the aforementioned persons have previously served at Jet Airways.
Jhunjhunwala is said to be investing $35 million in the airline for a 40 per cent stake. The airline plans to operate a fleet of 70 aircraft within a span of four years.
Support Swarajya's 50 Ground Reports Project & Sponsor A Story
Every general election Swarajya does a 50 ground reports project.
Aimed only at serious readers and those who appreciate the nuances of political undercurrents, the project provides a sense of India's electoral landscape. As you know, these reports are produced after considerable investment of travel, time and effort on the ground.
This time too we've kicked off the project in style and have covered over 30 constituencies already. If you're someone who appreciates such work and have enjoyed our coverage please consider sponsoring a ground report for just Rs 2999 to Rs 19,999 - it goes a long way in helping us produce more quality reportage.
You can also back this project by becoming a subscriber for as little as Rs 999 - so do click on this links and choose a plan that suits you and back us.
Click below to contribute.
Latest
