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Akasa Air has strong financials to place order for more planes: CEO

The Jhunjhunwala family holds stakes in the airline through three discretionary trusts

'We want to have an organization that’s very tight knit in value," says Akasa airline's CEO Vinay Dube. (Photo: Bloomberg)
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Our growth is secure: Akasa Air CEO Vinay Dube

Aneesh Phadnis Mumbai
Akasa Air is well funded and strong enough to place its second large aircraft order in 18 months, the airline’s founder and CEO Vinay Dube said in a statement on Wednesday.

The statement was issued to address stakeholder concerns following the death of its key investor Rakesh Jhunjhunwala on Sunday. The airline commenced operations on August 7.

“Our growth is secure,” Dube stated.

On Tuesday, Akasa Air received its third aircraft, which will be put into operation in the Mumbai-Bengaluru sector. “We will continue to grow our fleet by adding one new aircraft every two weeks. Akasa Air