Upping its game: A Boeing 777X airplane takes off from the company’s plant in Everett, Washington. Boeing has a chance to regain lost ground in India with the launch of ultra-low-cost airline Akasa Air. — Reuters
NEW DELHI: Indian billionaire Rakesh Jhunjhunwala’s plan to launch an ultra-low-cost airline, could give planemaker Boeing a chance to regain lost ground in India after the fall of one of its biggest customers, Jet Airways, two years ago, industry executives say.
Jhunjhunwala, known as “India’s Warren Buffett” for his successful stock investments, plans to team up with former CEOs of IndiGo, the country’s biggest carrier, and Jet Airways to tap into demand for domestic air travel.
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