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SNV AVIATION
India’s youngest airline adds flights while Iran war crimps rivalsIndia's youngest airline, Akasa Air, is emerging as a significant competitor, expanding capacity by 13.2% while major carriers like IndiGo ...- Akasa Air awaits security approval for inducting new board membersAkasa Air is set to welcome new board members, pending security approval. With fresh investments from Premji Invest and Claypond Capital, t...
- CCI approves Akasa Air stake sale, Quality Care-Aster dealIndia's fair trade regulator, CCI, has approved proposals for Premji Invest, Ranjan Pai's family office, and 360 ONE Asset to acquire stake...
- Premji Invest, Ranjan Pai family office seek CCI nod to acquire stakes in Akasa AirTech tycoon Azim Premji's global investment arm and the Manipal Group Chief Ranjan Pai's family office have sought CCI approval to acquire ...
- Akasa Air faces DGCA heat for lapses; warning letter issued to airline's accountable managerDGCA warned Akasa Air's accountable manager for regulatory lapses, including a hard landing incident and non-revision of operations manual....
- DGCA issues show cause notice to Akasa Air on violation related to operations manualIndia's aviation regulator, the DGCA, issued a show-cause notice to Akasa Air for violating norms related to its operations manual. The air...
- Akasa Air posts Rs 1,670 crore loss in FY24; CFO says performance will be better this fiscalAkasa Air reported a widened loss of Rs 1,670.06 crore in FY24 despite a surge in total income. The airline attributed the loss to investme...
- Akasa Air fined Rs 30 lakh by DGCA for multiple regulatory violationsThe DGCA has fined Akasa Air Rs 30 lakh for regulatory breaches including unauthorized pilot training and exceeding permissible training ho...
- Bombay HC allows Akasa Air to proceed in Mumbai against pilotsThe Bombay High Court has ruled that Akasa Air can proceed with its suit seeking contractual damages from pilots who exited the company wit...
- Akasa Air moves Delhi HC for action against pilots not serving notice period following resignationThe airline told Justice Manmeet Pritam Singh Arora the company was in a "state of crisis" because of these resignations and had to cancel ...
- Akasa Air will honour legacy, values, beliefs of Jhunjhunwala: Dubes condolence messages pour in following the demise of Jhunjhunwala, known as the 'Big Bull' and 'Warren Buffett of India' for his investmen...
- Rakesh Jhunjhunwala-owned Akasa Air receives first Boeing aircraft"Flying an advanced, environmentally progressive 737 MAX fleet with greater fuel efficiency and lower operating costs will enable Akasa Air...
- As it gets ready to take to the skies, Akasa Air shares picture of its first aircraftThe airline is expected to start operations from July. Its first aircraft will be delivered in June.
- Akasa Air launch may be delayed furtherA top airline official said it intends to start services in July.
- Akasa Air plans training centre for its pilotsThe airline, majority owned by ace investor Rakesh Jhunjhunwala, has already signed up 154 pilots, 115 cabin attendants
- India's newest airline Akasa may take off before Jet 2.0Akasa, registered as SNV Aviation, received its initial regulatory approval, the no-objection certificate on October 11 and has applied for...
- Riding on Rakesh Jhunjhunwala's 737 Max order, Boeing set to dent Airbus SE's India dominancea Mumbai-based carrier backed by billionaire investor Rakesh Jhunjhunwala, was earlier reported by Bloomberg News to be in talks with Boein...
- Jhunjhunwala's Akasa Air gets NOC, set to start operations by mid-2022With Alaska’s announcement, the aviation industry in India will see launch of two new airlines next year. Jet Airways, which ceased to oper...
- After losing 18 kg, the Big Bull is ready to fly, scoffs at the skepticsJhunjhunwala, who is referred to as the Warren Buffett of India, has invested Rs 260 crore in a new budget airline venture piloted by aviat...
- Jhunjhunwala-backed budget airline may take off by year-endWhile Jhunjhunwala will invest about $35 million (around Rs 260 crore) and hold about 40% stake, there will be other investors on board too...
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