Akasa Air, which is owned by billionaire investor Rakesh Jhunjhunwala, received the air operator certificate (AOC or licence) from the Directorate General of Civil Aviation (DGCA) on Thursday and will start flying by the end of the month. Vinay Dube and Aditya Chosh, two aviation industry veterans from India, will be flying for Akasa when it receives two Boeing 737 MAX aircraft and starts commercial operations.
After IndiGo, SpiceJet, GoFirst, AirAsia India, and Air India Express, Akasa will be the sixth Indian low-cost airline among established and future carriers. Aside from regional carrier Alliance Air, full-service Air India, Vistara, and the only government-owned fixed-wing airline currently, it will be the eighth (major) airline altogether.
Jet2.0 received its AOC on May 20, 2022, but has not yet ordered any aircraft. The ability and willingness of Jalan-Kalrock to consistently invest a sizeable sum of money in Jet2.0 and tolerate losses for the first several years is essential to its genuine and sustained resurrection.
Akasa founder-CEO Vinay Dube said: "We are extremely thankful to the ministry of civil aviation and the DGCA for their constructive guidance... throughout the AC process. We now look forward to opening our flights for sale, leading to the start of commercial operations by late July. This will begin our journey towards building India's greenest, most dependable and most affordable airline."
On June 21, 2022, Akasa Air, whose airline code is QP, acquired its first B737 MAX. The airline will launch its commercial operations later this month with two aircraft, and will continue expand its fleet each month.
The airline will have received 18 aircraft by the end of the fiscal year 2022–2023, and after that 12–14 aircraft every 12 months will be added to its order of 72 aircraft supplied over five years.
The last requirement before an airline may launch is the award of an AOC. The airline successfully completed a number of proving flights to demonstrate its operational readiness, capping off the process.