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Akasa Air

About Akasa Air

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What is Akasa Air?

Akasa Air is an upcoming ultra-low-cost Indian airline co-founded by billionaire and stocks trader Rakesh Jhunjhunwala and former Jet Airways CEO Vinay
Dube.
 
Developments
 
In October 2021, Akasa Air received a 'no objection certificate' (NOC) from the Ministry of Civil Aviation. The NOC will be held by SNV Aviation, the holding company for the proposed airline.
The airline is now in the process of receiving the Air Operator Permit (AoP) certificate after aircraft acquisition and other required procedures.
 
Acquiring the NOC is the first stage, which is followed by a security background check after which an AoP is issued. Thereafter, the technical viability of the airline receives a safety clearance.
 
Akasa Air, backed by Indian billionaire Rakesh Jhunjhunwala, will begin flight operations in the next six months after receiving an AOC. The airline plans to operate approximately 70 planes in the next four years.
 
It is planning to launch flights in the summer of 2022 with an endeavour to be the nation’s most dependable, affordable and greenest airline. The airline is in talks with US aerospace giant Boeing for buying up to a hundred 737 Max aircraft.
 
Besides discussions with Boeing for planes, Akasa Air is also in talks with Airbus for potential orders from the Airbus A320 fleet.
 

Management and Investments

Rakesh Jhunjhunwala, known as "India's Warren Buffett" for his successful stock investments, partnered with IndiGo's Aditya Ghosh and Vinay Dube to launch the carrier to tap into demand for domestic air travel.
 
Former CEO of IndiGo Aditya Ghosh is associated with the venture as well and Praveen Iyer has been appointed chief commercial officer. Former Jet Airways executives Belson Coutinho, Adam Voss, Ajit Baghchandani will head marketing, engineering, inflight services respectively.
 
Ankur Goel, former head of IndiGo’s treasury and investor relations, will head Akasa Air as the Chief Financial Officer.
 
While Jhunjhunwala has invested Rs 247.50 crore in the airline, another big name of Dalal street, Madhav Bhatkuly, founder of investment fund New Horizon, has also invested around Rs 6 crore in the company.
 

Latest Updates on Akasa Air

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build their AI capabilities and offer those services to clients.

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The two carriers' load factors are in direct contrast to their on-time performance. Akasa Air was at the top, SpiceJet was at the bottom in March OTP chart, shows data from aviation Ministry

Updated On: 13 Apr 2023 | 3:14 PM IST

AirAsia India and Air India had the -lowest and third-lowest OTPs among 7 major carriers

Updated On: 07 Apr 2023 | 9:55 PM IST

The first four MAX 8s were delivered between December 2022 and March 2023, the fifth is scheduled for delivery in the second quarter of calendar 2023

Updated On: 03 Apr 2023 | 7:02 PM IST

Akasa Air, which started operations on August 7 last year, had 19 Boeing 737MAX8 in the fleet as of March 25, according to an aircraft fleet tracking website

Updated On: 03 Apr 2023 | 5:57 PM IST

To offer seamless connectivity to the passengers flying out of Chaudhary Charan Singh International Airport (CCSIA) here, Akasa Air on Sunday launched two flights to Goa and Ahmedabad

Updated On: 26 Mar 2023 | 10:27 PM IST

In an interview with PTI, Dube said the airline is in its early stages, but "if someone has got 19 aircraft, is that a startup or is that not a startup?"

Updated On: 26 Mar 2023 | 3:58 PM IST

It has placed an order for 72 Boeing 737 Max aircraft, and 19 of them are already in its fleet. The 20th aircraft will be inducted in April, following which it will also be eligible to fly overseas

Updated On: 24 Mar 2023 | 7:01 PM IST

There is a gap of around $350 million in terms of funding between traditional aviation fuel and 10% blended fuel, he said

Updated On: 20 Mar 2023 | 10:12 PM IST

The airline is already considering placing another aircraft order

Updated On: 20 Mar 2023 | 10:17 PM IST

The government is working on mandating blending of jet fuel with SAF as the country works on ways to reduce emissions

Updated On: 20 Mar 2023 | 7:00 PM IST

The latest move may pivot frequent travelers from staying in hotels to flying even more

Updated On: 07 Mar 2023 | 4:35 PM IST

The airline has flown a total of 0.5 million passengers from the city, which contributes to 70 per cent of the total number of passengers flown across its network to date

Updated On: 01 Mar 2023 | 8:29 PM IST

Akasa Air is going to place an order for a fleet of aircraft which will be in three digits by the year-end, the company said on Wednesday

Updated On: 01 Mar 2023 | 2:06 PM IST

The new order will be for narrowbody planes, said Akasa's co-founder, a former chief executive of now-grounded, bankrupt full-service carrier Jet Airways

Updated On: 16 Feb 2023 | 11:11 PM IST

Akasa Air on Wednesday said it experienced certain "operational disruptions" due to the global outage at its service provider's facility and the issues were fixed later

Updated On: 26 Jan 2023 | 12:52 AM IST

Two additional Hyderabad-Bengaluru frequencies will be added starting February 15, the airline said

Updated On: 24 Jan 2023 | 6:47 PM IST

Goa will be the 12th city on its network in the country

Updated On: 10 Jan 2023 | 7:53 PM IST