Rakesh Jhunjhunwala - TravelBiz Monitor: India travel news, travel trends, tourism

Rakesh Jhunjhunwala recently ventured into the aviation industry with Akasa Air passes away at 62

By TBM Staff - Mumbai Sunday, 14 August 2022, 9:39 AM 762

Billionaire business magnate, stock trader, and investor Rakesh Jhunjhunwala passed away at the age of 62 on Sunday morning. Sources said he was brought dead to the Breach Candy Hospital in Mumbai at 6.45 am. Rakesh Jhunjhunwala first entered the stock market with just Rs 5,000 in 1985. In its latest estimate, Forbes pegged his […]Continue Reading

Aviation Top Stories

Akasa Air ties up with Navitaire for digital retailing, reservations system

By TBM Staff - Mumbai Friday, 6 May 2022, 11:26 AM 737

India’s newest airline Akasa Air announced it has chosen reservation systems provider Navitaire so that it can run reliable operations and offer affordable travel options to its passengers. Akasa Air, backed by ace investor Rakesh Jhunjhunwala, and aviation veterans Vinay Dube and Aditya Ghosh, is expected to begin its commercial operations in July. In a […]Continue Reading

Aviation Top Stories

Rakesh Jhunjhunwala to start ultra-low cost airline Akasa Air

By TBM Staff - Mumbai Thursday, 29 July 2021, 5:20 PM 1943

Billionaire investor Rakesh Jhunjhunwala is planning on having 70 aircraft within four years for a new airline he wants to set up in India on optimism more people will travel by air. Jhunjhunwala, who is considering investing $35 million and would own 40% of the carrier, expects to get a no-objection certificate from India’s aviation […]Continue Reading