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Last Updated: Paytm Founder Reacts To Rakesh Jhunjhunwala s Airlines Launch Announcement; Read Jhunjhunwala has plans to invest $35 million in his airlines and expects a no-objection certificate from the aviation ministry within the next 15 days. IMAGE: PTI India s largest digital payment service Paytm’s CEO and founder Vijay Shekhar Sharma on Wednesday reacted to the announcement made by billionaire Rakesh Jhunjhunwala that he was planning to set up a new ultra low-cost airline by the name of ‘Akasa Airlines.’ The 61-year-old billionaire investor had revealed plans of starting his own airlines within the next four years. Responding to the news, Paytm’s boss Sharma on July 28 took to his official Twitter handle to laud Jhunjhunwala’s decision as he wrote, “Akasa Air, India s newest airline by April next year. News of Rakesh Jhunjhunwala’s latest bet on India s aviation sector,” has earned several ‘applauds’. 

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