What is in news : Aviation venture SNV Aviation, which is planning an airline under the Akasa brand, has received a no-objection certificate from the Ministry of Civil Aviation.

Details :

• Being launched by Rakesh Jhunjhunwala
• Based on ULCC (ultra-low cost carriers ) airline business model
• Company focuses on keeping operating costs even lower than typical budget airlines
• Airlines unbundle certain amenities that are usually associated with the full-service airline experience — like seat selection, food and beverage