Rakesh Jhunjhunwala's Akasa Air Expects To Fly From Next Year

Akasa Air, backed by billionaire Rakesh Jhunjhunwala, said on Monday it expects to start flying next year after getting initial clearance from the Civil Aviation Ministry to launch the country's latest ultra-low cost carrier. The approval comes at a time when the country's aviation industry is reeling from the impact of the COVID-19 pandemic, with airlines losing billions of dollars, but the sector's long-term prospect makes the cou...