DALLAS – Billionaire Rakesh Jhunjhunwala, co-founder of the brand-new low-cost airline Akasa Air (QP) in India, passed away at the age of 62.
The airline debuted just one week ago, on August 7, 2022, to connect India’s tier 2 and 3 cities. QP ordered 72 Boeing 737 MAX aircraft in November 2021 and took delivery of its first Boeing 737-8 in Seattle, Washington in mid-June 2022. A month later, the LCC would be awarded its Air Operator Certificate (AOC).
Known as the “Big Bull of Dalal Street,” Jhunjhunwala was India’s 36th richest man, according to Forbes, and was often read more ⇒
Source:: “Airways Magazine”