Akasa Air paid condolences to Rakesh Jhunjhunwala: The airline's owner and bigbull of Dalal Street passed away this morning. At the age of 62, Rakesh Jhunjhunwala took his last breath at Mumbai's Breach Candy Hospital. He was rushed to the Hospital at 6:45 am after he suffered a cardiac arrest.

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Recently, Jhunjhunwala had entered the aviation sector with 'Akasa' airline. He was last seen on August 7 at the launch of Akasa. 

Many people were shocked by his abrupt demise, and many expressed their sympathies. In his demise, Akasa Air also tweeted and paid its condolences to the bigbull.

Akasa Air said in a statement, "We are deeply saddened by the untimely demise of Mr. Rakesh Jhunjhunwala this morning. Our thoughts and prayers are with Mr. Jhunjhunwala's family and friends. May his soul rest in peace."

"We at Akasa cannot thank Mr. Jhunjhunwala enough for being an early believer in us and putting his trust and faith in us to build a world-class airline. Mr. Jhunjhunwala had an invincible spirit, was deeply passionate about everything Indian and cared greatly for the well-being of our employees and customers. Akasa Air will honour Mr. Jhunjhunwala's legacy, values and belief in us by striving to run a great airline," it added

The Big Bull raised an empire of Rs 5 thousand to Rs 43.39 thousand crore in the stock market.