{"id":17854,"date":"2022-02-18T09:00:00","date_gmt":"2022-02-18T03:30:00","guid":{"rendered":"https:\/\/aviationa2z.com\/?p=17854"},"modified":"2022-02-18T08:38:56","modified_gmt":"2022-02-18T03:08:56","slug":"rakesh-jhunjhunwala-says-akasa-air-has-a-game-plan","status":"publish","type":"post","link":"https:\/\/aviationa2z.com\/index.php\/2022\/02\/18\/rakesh-jhunjhunwala-says-akasa-air-has-a-game-plan\/","title":{"rendered":"Rakesh Jhunjhunwala Says Akasa Air Has A Game Plan"},"content":{"rendered":"\n<p class=\"has-drop-cap\">Veteran stock market investor Rakesh <strong>Jhunjhunwala was in a defiant mood<\/strong> as he laid down the gauntlet to the skeptics of his multi-million dollar investment in airline <a href=\"http:\/\/akasaair.in\">Akasa Air<\/a> that is expected to start operations later this year. <\/p>\n\n\n\n<figure class=\"wp-block-pullquote\"><blockquote><p><strong>\u201cI am prepared for failure. I am surprised that people are surprised (by my investment),\u201d <\/strong>said Jhunjhunwala, who was speaking at a Confederation of Indian Industry (CII) event on February 17. <\/p><\/blockquote><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"850\" height=\"478\" src=\"https:\/\/aviationa2z.com\/wp-content\/uploads\/2022\/02\/170281-akasa1.jpg\" alt=\"Rakesh Jhunjhunwala was in a defiant mood as he laid down the gauntlet to the skeptics of his multi-million dollar investment\" class=\"wp-image-17861\" srcset=\"https:\/\/aviationa2z.com\/wp-content\/uploads\/2022\/02\/170281-akasa1.jpg 850w, https:\/\/aviationa2z.com\/wp-content\/uploads\/2022\/02\/170281-akasa1-600x337.jpg 600w, https:\/\/aviationa2z.com\/wp-content\/uploads\/2022\/02\/170281-akasa1-300x169.jpg 300w, https:\/\/aviationa2z.com\/wp-content\/uploads\/2022\/02\/170281-akasa1-768x432.jpg 768w, https:\/\/aviationa2z.com\/wp-content\/uploads\/2022\/02\/170281-akasa1-750x422.jpg 750w\" sizes=\"(max-width: 850px) 100vw, 850px\" \/><\/figure>\n\n\n\n<ul class=\"wp-block-list\"><li>The marquee investor has invested Rs 275 crore for a 40 percent stake in Akasa Air to build a new airline from the ground up in partnership with some other veterans of the Indian aviation industry.<\/li><li>Skeptics have raised questions over Jhunjhunwala\u2019s foray into the space given the history of failed airlines in India and the low returns the sector has made globally.<\/li><li> The development had drawn a myriad of responses on social media networks in India with the majority confounded by Jhunjhunwala\u2019s decision to start an airliner. <\/li><\/ul>\n\n\n\n<p><\/p>\n\n\n\n<p>Responding to the critics of his airline venture, Jhunjhunwala said he hopes to <strong>prove them wrong as he proved his family wrong <\/strong>when he entered the Indian stock market more than three decades ago.<\/p>\n\n\n\n<figure class=\"wp-block-pullquote\"><blockquote><p>\u201c<strong>Now it is a matter of ego,\u201d <\/strong>the renowned investor said. <\/p><\/blockquote><\/figure>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>Rakesh Jhunjhunwala\u2019s foray into the segment comes amid one of the toughest times in the history of aviation because of the COVID-19 pandemic.<em><strong> \u201cI think aviation in India is going to grow from where it is today, and in an industry where everyone is losing money pricing has to improve,\u201d<\/strong><\/em> he said.<\/p><\/blockquote>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"768\" src=\"https:\/\/aviationa2z.com\/wp-content\/uploads\/2022\/02\/Explainer-Rakesh-Jhunjhunwala-will-make-air-travel-cheap-like-this-1200x900-1-1024x768.jpg\" alt=\"\" class=\"wp-image-17860\" srcset=\"https:\/\/aviationa2z.com\/wp-content\/uploads\/2022\/02\/Explainer-Rakesh-Jhunjhunwala-will-make-air-travel-cheap-like-this-1200x900-1-1024x768.jpg 1024w, https:\/\/aviationa2z.com\/wp-content\/uploads\/2022\/02\/Explainer-Rakesh-Jhunjhunwala-will-make-air-travel-cheap-like-this-1200x900-1-600x450.jpg 600w, https:\/\/aviationa2z.com\/wp-content\/uploads\/2022\/02\/Explainer-Rakesh-Jhunjhunwala-will-make-air-travel-cheap-like-this-1200x900-1-300x225.jpg 300w, https:\/\/aviationa2z.com\/wp-content\/uploads\/2022\/02\/Explainer-Rakesh-Jhunjhunwala-will-make-air-travel-cheap-like-this-1200x900-1-768x576.jpg 768w, https:\/\/aviationa2z.com\/wp-content\/uploads\/2022\/02\/Explainer-Rakesh-Jhunjhunwala-will-make-air-travel-cheap-like-this-1200x900-1-750x563.jpg 750w, https:\/\/aviationa2z.com\/wp-content\/uploads\/2022\/02\/Explainer-Rakesh-Jhunjhunwala-will-make-air-travel-cheap-like-this-1200x900-1-1140x855.jpg 1140w, https:\/\/aviationa2z.com\/wp-content\/uploads\/2022\/02\/Explainer-Rakesh-Jhunjhunwala-will-make-air-travel-cheap-like-this-1200x900-1.jpg 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><a href=\"https:\/\/aviationa2z.com\/index.php\/2022\/02\/16\/all-trujet-aircraft-grounded\/\">All TruJet Aircrafts Grounded!! Know why?<\/a><\/p>\n\n\n\n<pre class=\"wp-block-verse has-text-align-center\">\nRakesh Jhunjhunwala said that Akasa Air has ordered one-fourth of the planes that c<strong>urrent industry leader IndiGo has in its fleet. <\/strong>\n\nMedia reports have suggested that the infant airliner is luring staff from rivals with stocks options and other incentives. <\/pre>\n\n\n\n<p>Stay Connected with Aviation a2z for more updates!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rakesh Jhunjhunwala was in a defiant mood as he laid down the gauntlet to the skeptics of his multi-million dollar investment<\/p>\n","protected":false},"author":2,"featured_media":17860,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[6761],"tags":[246,5354,1202,3065,2588],"class_list":{"0":"post-17854","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-news","8":"tag-akasa-air","9":"tag-defiant-mood","10":"tag-investment","11":"tag-rakesh-jhunjhunwala","12":"tag-stock-market"},"_links":{"self":[{"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/posts\/17854","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/comments?post=17854"}],"version-history":[{"count":1,"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/posts\/17854\/revisions"}],"predecessor-version":[{"id":17862,"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/posts\/17854\/revisions\/17862"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/media\/17860"}],"wp:attachment":[{"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/media?parent=17854"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/categories?post=17854"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/tags?post=17854"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}