Aviation

Akasa Air Founder Rakesh Jhunjhunwala No More, Passes Away At 62

Rakesh Jhunjhunwala, a renowned investor, passed away this morning in a Mumbai hospital. He was 62.
Around 6.45 am, Rakesh Jhunjhunwala underwent a heart arrest and was taken to the Breach Candy Hospital. The hospital staff proclaimed him dead when he arrived.

He received treatment for kidney-related problems at the same hospital before being discharged a few weeks ago.

According to Forbes, the seasoned trader-cum-investor, also known as the Big Bull of Dalal Street, was estimated to have a net worth of almost $5.5 billion.

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He worked as a promoter for the just launched Akasa Air airline in India. Mr. Jhunjhunwala, who had a number of health difficulties, was spotted using a wheelchair during the Akasa Air inauguration.

He was known as “India’s Warren Buffett” and had a generally positive outlook for the nation’s stock market.

SNV Aviation Private Limited’s Akasa Air is a low-cost airline with its main office in Mumbai, Maharashtra, India. Rakesh Jhunjhunwala, an Indian millionaire, founded it. After obtaining its first Boeing 737 MAX aircraft, the airline launched its commercial operations by operating its inaugural route from Mumbai to Ahmedabad on August 7, 2022.

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Airlines

Air India to Launch aircraft maintenance training institute in Bengaluru

Air India, one of India’s leading global airlines, is set to establish a Basic Maintenance Training Organization (BMTO) in Bengaluru.

This institute will offer a comprehensive Aircraft Maintenance Engineering (AME) program certified by the Directorate General of Civil Aviation (DGCA). The program will follow an integrated 2+2 year structure, combining classroom learning with practical, hands-on training.

This initiative is part of Air India’s broader goal of creating a robust aviation ecosystem in India. With plans to expand its fleet and strengthen its operations, the airline aims to build a skilled workforce of maintenance engineers, making the organization self-reliant while supporting its ambitious transformation journey.

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To bring this vision to life, air india has partnered with Bengaluru Airport City Limited (BACL), a subsidiary of Bangalore International Airport Limited (BIAL). Together, they will develop a state-of-the-art facility spanning 86,000 square feet at Bengaluru Airport City.

This purpose-built campus will feature modern classrooms, well-equipped laboratories, and qualified trainers to deliver world-class education and training. The institute is expected to become operational by mid-2026.

The BMTO will be located close to Air India’s new 12-bay Maintenance, Repair, and Overhaul (MRO) facility, also set to open in Bengaluru by early 2026. The AME program will begin with two years of academic coursework, followed by two years of practical training at the MRO, ensuring students receive hands-on experience adhering to industry standards.

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In the meantime, Air India has introduced a Cadet AME program in collaboration with reputable institutions in Bengaluru and Hyderabad.

This ensures continuity in its commitment to developing skilled aircraft maintenance engineers while the BMTO facility is under construction. The program also allows students to pursue a bachelor’s degree through university partnerships, enhancing their career and academic opportunities.

With this initiative, air india plane aims to address the growing demand for skilled professionals in aircraft maintenance and engineering, air india new planes contributing to the development of India’s aviation sector and creating specialized career paths for aspiring engineers.