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NEW DELHI (Reuters) - 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.
FILE PHOTO: Rakesh Jhunjhunwala, Partner, Rare Enterprises, poses after an interview with Reuters in Mumbai, India November 14, 2017. REUTERS/Shailesh Andrade/File Photo
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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