Akasa Air, backed by ace investor Rakesh Jhunjhunwala, unveiled first glimpse of its aircraft on May 23. It is India’s upcoming ultra-low-cost airline with greenest and youngest fleet.

Aviation watchdog DGCA has issued a warning letter to Akasa Air's accountable manager Vinay Dube, who is also its founder and CEO, for regulatory lapses, days after the airline was warned for ...