Akasa, a new Indian airline backed by billionaire Rakesh Jhunjhunwala, plans to offer stock options to attract staff, using a lure more often deployed by technology startups in its bid to gain a foothold in one of the world’s most competitive air-travel markets.
Akasa, an airline backed by billionaire Rakesh Jhunjhunwala, plans to offer stock options to attract staff, using a lure more often deployed by technology startups in its bid to gain a foothold in one of world's most competitive air-travel markets.
For the last month, the travel sector has been hit by a perfect storm of factors leading to cancellations and service cuts in the face of the global omicron surge.
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Turboprops offer substantial efficiency improvements compared with jet aircraft on short-haul routes, an asset that operators may find attractive as they seek to meet ambitious sustainability targets.