Akasa Air has secured its no-objection certification from the civil aviation ministry.
Rakesh Jhunjhunwala-owned airlines plan to start operations by next summer.
A NOC is the first step towards the start of the operations
The airline will now have to apply for the DGCA for its operations permit.
Akasa Air has been promoted by Vinay Dube, former CEO of Jet Airways.
Former CEO of IndiGo Aditya Ghosh is also associated with Akasa Air.
Jhunjhunwala has invested Rs 247.50 crore in the airline.
Madhav Bhatkuly of investment fund New Horizon has also invested around Rs 6 crore.
Akasa Air plans to offer flights across India starting in the summer of 2022.
The airline is in talks with Boeing for buying up to 100 737 Max aircraft.
