Top headlines: Akasa Air gets govt NOC; Invesco breaks silence on Zee feud

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Jhunjhunwala-backed Akasa Air gets no objection certificate from govt

Akasa Air, a low-cost airline promoted by former Jet Airways CEO Vinay Dube, has secured its no objection certificate (NOC) from the Ministry of Civil Aviation (MoCA), one of the major steps required before it can actually launch operations. The airline is backed by ace investor Rakesh Jhunjhunwala.

The company’s next step will involve applying to the Directorate General of Civil Aviation (DGCA) for its Air Operator's Permit. That will be the final hurdle before it takes off. Sources said that the airline intends to start operations by summer of 2022.