Leaders Online Desk: Rakesh Jhunjhunwala was known as the Big Bull of the stock market. His company Akasa Air is on the verge of closure. It has not even been a year since the company started flying. The company, which is only a year old, is in serious trouble. As many as 24 flights have to be canceled every day due to the sudden resignation of 43 pilots of the company. Meanwhile, the court hearing has started in this case. Late Bigbull Rakesh Jhunjhunwala had invested in this company. (Akasa Airlines)
As many as 24 flights canceled daily (Akasa Airlines)
Akasa Airlines’ lawyers have claimed that the company’s pilots have suddenly stopped work without completing the notice period. These pilots had a notice period of 6 months or 1 year. The company has suffered huge losses due to pilots resigning and stopping work. Therefore, the discussions that the company is going to close down have gained momentum. (Akasa Airlines)
Pilots started working with rival airlines
Meanwhile, after resigning from Asaka Airlines, Asaka Airlines has started working with rival airlines. The company has asked the court to apply the notice period to the pilots as per DGCA rules. Late Rakesh Jhunjhunwala had invested in this company. Bigbul Rakesh Jhunjhunwala passed away in August 2022. (Akasa Airlines)
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