Rakesh Jhunjhunwala plans to set up new ultra-low cost airline Akasa Air, looking to get 70 planes in 4 years


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Marquee stock market investor Rakesh Jhunjhunwala has a new as well as bold plan with a risk attached to it. According to a report, Rakesh Jhunjhunwala is going to invest big in a new airline, to be called Akasa Air, with anticipation that more people will prefer to travel by air in future. To set up Akasa Air, which will be ulta-low cost for flyers, Jhunjhunwala is planning on having 70 aircraft within four years.