• About us
  • Careers
  • Brand Partnerships
TFI Official Merchandise
TFI हिन्दी
TFI Global
Tuesday, August 9, 2022
TFIPOST
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    iPhones – Not just assembled but Made in India

    iPhones – Not just assembled but Made in India

    A comprehensive list of Hindus killed or injured by radical Islamists for supporting Nupur Sharma

    A comprehensive list of Hindus killed or injured by radical Islamists for supporting Nupur Sharma

    Government’s new Electricity Bill will radically change how we consume electricity and will end ‘Revadi Culture’

    Government’s new Electricity Bill will radically change how we consume electricity and will end ‘Revadi Culture’

    cancel culture

    Cancel Culture comes back to bite the liberals in their posteriors

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    Chinese companies may quit India altogether. Bon voyage!

    Chinese companies may quit India altogether. Bon voyage!

    Shaktikanta

    The man no one talks about but who deserves all our praise – RBI governor Shaktikanta Das

    Adani top 3 richest

    Gautam Adani is one step away from entering the Top 3 billionaires, soon to overtake Jeff Bezos

    Aatmanirbharta

    With an emphasis on Aatmnirbharta, India is ‘deglobalizing’ its economy

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    Pakistan’s ‘PNS Alamgir’ narrowly missed meeting the fate of ‘PNS Ghazi’

    Pakistan’s ‘PNS Alamgir’ narrowly missed meeting the fate of ‘PNS Ghazi’

    In global defence market, Tejas is top-shelf stuff

    In global defence market, Tejas is top-shelf stuff

    Indian air force

    Is the Indian Air Force ‘battle ready’?

    Possibly the best news of the day – MIG 21 is being decommissioned for good

    Possibly the best news of the day – MIG 21 is being decommissioned for good

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    arab world india

    The Arabs are now on their knees to please India

    China- The international fish thief

    China- The international fish thief

    Jaishankar’s efforts pay off as Lankans kick China out

    Jaishankar’s efforts pay off as Lankans kick China out

    Global leftists swoop down on Amnesty International for merely blurting out the truth

    Global leftists swoop down on Amnesty International for merely blurting out the truth

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • History
    • Indology
    Unsung Heroes: Bagha Jatin – The original Bengal Tiger

    Unsung Heroes: Bagha Jatin – The original Bengal Tiger

    While Indians back home are moving away from Bhajan Kirtans, the West is embracing it

    While Indians back home are moving away from Bhajan Kirtans, the West is embracing it

    Banarasi Sarees

    Did Mughals create Banarasi Sarees? Short answer: No, Long answer: Read

    AMU studies

    AMU students will be reading Sanatan stuff in place of Islamic fundamentalist stuff

    • Culture
    • History
    • Indology
  • Lounge
    • All
    • Books
    • Cinema
    • Food
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    Atul Kulkarni – A vicious brain behind an innocent artist

    Atul Kulkarni – A vicious brain behind an innocent artist

    Kakran

    Commonwealth Games brings out the sheer apathy of Aam Aadmi Party in full spotlight

    Hum Do Humare Baarah film poster

    Rana Ayyub’s old words come to bite her as she cries foul over ‘Hum Do, Humare Baarah’

    Vishal Bhardwaj – The cunning propagandist behind a successful filmmaker

    Vishal Bhardwaj – The cunning propagandist behind a successful filmmaker

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
  • Premium
No Result
View All Result
TFIPOST
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    iPhones – Not just assembled but Made in India

    iPhones – Not just assembled but Made in India

    A comprehensive list of Hindus killed or injured by radical Islamists for supporting Nupur Sharma

    A comprehensive list of Hindus killed or injured by radical Islamists for supporting Nupur Sharma

    Government’s new Electricity Bill will radically change how we consume electricity and will end ‘Revadi Culture’

    Government’s new Electricity Bill will radically change how we consume electricity and will end ‘Revadi Culture’

    cancel culture

    Cancel Culture comes back to bite the liberals in their posteriors

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    Chinese companies may quit India altogether. Bon voyage!

    Chinese companies may quit India altogether. Bon voyage!

    Shaktikanta

    The man no one talks about but who deserves all our praise – RBI governor Shaktikanta Das

    Adani top 3 richest

    Gautam Adani is one step away from entering the Top 3 billionaires, soon to overtake Jeff Bezos

    Aatmanirbharta

    With an emphasis on Aatmnirbharta, India is ‘deglobalizing’ its economy

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    Pakistan’s ‘PNS Alamgir’ narrowly missed meeting the fate of ‘PNS Ghazi’

    Pakistan’s ‘PNS Alamgir’ narrowly missed meeting the fate of ‘PNS Ghazi’

    In global defence market, Tejas is top-shelf stuff

    In global defence market, Tejas is top-shelf stuff

    Indian air force

    Is the Indian Air Force ‘battle ready’?

    Possibly the best news of the day – MIG 21 is being decommissioned for good

    Possibly the best news of the day – MIG 21 is being decommissioned for good

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    arab world india

    The Arabs are now on their knees to please India

    China- The international fish thief

    China- The international fish thief

    Jaishankar’s efforts pay off as Lankans kick China out

    Jaishankar’s efforts pay off as Lankans kick China out

    Global leftists swoop down on Amnesty International for merely blurting out the truth

    Global leftists swoop down on Amnesty International for merely blurting out the truth

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • History
    • Indology
    Unsung Heroes: Bagha Jatin – The original Bengal Tiger

    Unsung Heroes: Bagha Jatin – The original Bengal Tiger

    While Indians back home are moving away from Bhajan Kirtans, the West is embracing it

    While Indians back home are moving away from Bhajan Kirtans, the West is embracing it

    Banarasi Sarees

    Did Mughals create Banarasi Sarees? Short answer: No, Long answer: Read

    AMU studies

    AMU students will be reading Sanatan stuff in place of Islamic fundamentalist stuff

    • Culture
    • History
    • Indology
  • Lounge
    • All
    • Books
    • Cinema
    • Food
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    Atul Kulkarni – A vicious brain behind an innocent artist

    Atul Kulkarni – A vicious brain behind an innocent artist

    Kakran

    Commonwealth Games brings out the sheer apathy of Aam Aadmi Party in full spotlight

    Hum Do Humare Baarah film poster

    Rana Ayyub’s old words come to bite her as she cries foul over ‘Hum Do, Humare Baarah’

    Vishal Bhardwaj – The cunning propagandist behind a successful filmmaker

    Vishal Bhardwaj – The cunning propagandist behind a successful filmmaker

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
  • Premium
No Result
View All Result
TFIPOST
No Result
View All Result

Rakesh Jhunjhunwala is planning something big for Indian aviation

Akshay Narang
by Akshay Narang
14 October 2021
in Trending
0
Rakesh Jhunjhunwala, Akasa Air, Indian aviation
1.1k
VIEWS
Share on FacebookShare on Twitter

Richard Branson, a British businessman had once said, “If you want to be a millionaire, start with a billion dollars and then start (buy) an airline!” But some sharp Indian business minds are showing how the airline business can be operated to mint big profits.

Sharp business minds revolutionising India’s airline industry

First, Tata Sons purchased Air India after the public sector undertaking (PSU) struggled for several years. Now, Tata Sons is expected to turn Air India around and revive the glorious airline which was once a symbol of “graciousness and high living.” On the other hand, ace investor Rakesh Jhunjhunwala is planning something really big for the Indian aviation industry.

Rakesh Jhunjhunwala’s big take-off

Known as the “Warren Buffett of India” and the “King of Bull Market”, Jhunjhunwala plans to launch an ultra-low-cost airline Akasa Air. Jhunjhunwala’s plans are likely to resurrect the aviation market by enabling highly affordable air travel and setting off the impact of heavy losses in the aviation industry due to the Covid-19 Pandemic.

Jhunjhunwala’s airline plans have already got a shot in the arm even as Akasa Air was given a no-objection certificate (NOC) by the government. As a part of his aviation plans, Jhunjhunwala is relying on aircraft manufacturer Boeing’s intention to regain its hold on the vast Indian aviation market.

Jhunjhunwala to rely on competitive lease rates

Boeing had lost ground in the Indian airline industry after the fall of Jet Airways- one of Boeing’s biggest consumers in India, two years ago. In fact, as per data from consultancy CAPA India, Boeing’s share of 570 narrow-body planes that accounted for 35% share in the Indian market as of 2018 fell to 18%.

With Akasa Air’s plans to buy 70 Boeing jets worth $8.5 billion, the US-based aircraft manufacturer is likely to make considerable gains. This could end up helping both Boeing and the Jhunjhunwala-backed airline.

Nitin Sarin, managing partner at law firm Sarin & Co, which advises airlines and lessors said, “If you have to lease an aircraft there is an abundance and lessors would be happy to provide competitive rates, even better than pre-COVID times.” This is exactly why Jhunjhunwala seems willing to launch an airline at this juncture.

Jhunjhunwala mobilises a brilliant team to lead Akasa Air

Rakesh Jhunjhunwala is an ace stock investor and also possesses a brilliant business mind. With his stock market investments, he has amassed a net worth of $5.7 billion. For his airline, Jhunjhunwala has mobilised a team of industry veterans including former Jet Airways CEO Vinay Dube and former president of Indigo, Aditya Ghosh.

Dube himself has roped in many of his former colleagues from Jet Airways and GoAir, where he had served as the CEO. Industry sources say that Jhunjhunwala can develop an airline on a low-cost model with a definitive advantage over financially weaker rivals.

Jhunjhunwala has played it very smart. He waited for the Pandemic to get weakened and then invested in an airline when the air traffic started going up, aircraft lease rates went down and pilots/ crew availability started improving. Banking on such favourable market conditions, Jhunjhunwala plans to launch an impressive airline with really low prices to revolutionise air travel.

With low costs and a travel-hungry middle class in the country, Jhunjhunwala will enable affordable air travel and position Akasa Air as a leading carrier in low-cost travel.

Tags: Akasa AirAviation sectorRakesh Jhunjhunwala
Share13TweetSend
Previous Post

KINFRA: Full form, about the project and its progress

Next Post

Borders near Punjab and West Bengal will be turned into Fortresses by Modi govt

Akshay Narang

Akshay Narang

Patriot, Political Analyst, Amateur Historian

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms of use and Privacy Policy.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

  • Most Read
  • Comments
  • Latest
Xi Jinping, coronavirus, Shinzo Abe, china, Japan, coornavirus, COVID-19, Wuhan Virus

‘Pack up and get out of there,’ Japan to spend $2.2 billion to get Japanese companies to exit China

9 April 2020
ajay devgn karan johar

The man who bullied the Bully – How Ajay Devgn made Karan Johar’s monopoly a joke and forced him to apologize

22 June 2020
Huawei, China, Trump, USA, Xi Jinping

‘Our survival is at stake now,’ Chinese Telecom giant Huawei crumbles after US ban on Semiconductor exports

19 May 2020
T-Series Sonu Nigam Divya Khosla Kumar Bhushan Kumar

T-Series forced to take down Atif Aslam’s video, Divya Khosla trolled. T-Series has a bad day in office

25 June 2020
Meat Ban

A Jain responds to Meat Ban in Mumbai

Public Sector Bank, Government, Bill

Dear bank employees, continue your stride but PSBs will be privatized

anti-Hindi

Anti-Hindi Forever?- In search of a National Language!

Dear Liberals – your Beef Parties are not protests, they just intend to displease the Majority

Dear Liberals – your Beef Parties are not protests, they just intend to displease the Majority

iPhones – Not just assembled but Made in India

iPhones – Not just assembled but Made in India

8 August 2022
A comprehensive list of Hindus killed or injured by radical Islamists for supporting Nupur Sharma

A comprehensive list of Hindus killed or injured by radical Islamists for supporting Nupur Sharma

8 August 2022
Atul Kulkarni – A vicious brain behind an innocent artist

Atul Kulkarni – A vicious brain behind an innocent artist

8 August 2022
Pakistan’s ‘PNS Alamgir’ narrowly missed meeting the fate of ‘PNS Ghazi’

Pakistan’s ‘PNS Alamgir’ narrowly missed meeting the fate of ‘PNS Ghazi’

8 August 2022

Popular This Week

Jagariya family
Trending

Single Hindu family in Mumbai’s Muslim-dominated bhindi bazaar was thrown out, and then came Hindus

by Apoorva Shukla
3 August 2022
Grow up PR agencies. Your tricks won’t save SRK everytime
Cinema

Grow up PR agencies. Your tricks won’t save SRK everytime

by Abhishek Kumar Singh
3 August 2022
Aamir Khan patriot
Cinema

5 instances when Aamir Khan proved that he is such a great patriot

by Apoorva Shukla
4 August 2022
Oil India
Geopolitics

Russia replacing Saudi Arabia as India’s top oil supplier is giving sleepless nights to Gulf countries

by Rahul Gupta
6 August 2022
Laal Singh Chaddha is a major flop even before it is released
Cinema

Laal Singh Chaddha is a major flop even before it is released

by Tanya Trivedi
31 July 2022

©2022 TFI Media Private Limited

  • Terms of use
  • Privacy Policy
  • Sitemap
No Result
View All Result
  • Politics
    • Analysis
    • Opinions
    • Trending
  • Economy
    • Business
    • Finance
  • Defense
    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • Culture
    • History
    • Indology
  • Lounge
    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
  • Premium
TFI Official Merchandise
TFI हिन्दी
TFI Global
  • About us
  • Careers
  • Brand Partnerships

©2022 TFI Media Private Limited

Follow us on Twitter

and never miss an insightful take by the TFIPOST team

Follow @tfipost