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What is Akasa Air?

Akasa Air

About Akasa Air

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

Check-in systems down: IndiGo, SpiceJet, Akasa ops hit by major tech glitch

Microsoft cloud service outage disrupts check-in systems across the country. Airlines are working with Microsoft to resolve the technical issues

Updated On : 19 Jul 2024 | 1:02 PM IST
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Aviation market big enough for Akasa Air to succeed: CEO Vinay Dube

While emphasising that the focus is on service excellence and cost leadership, Dube said the airline is looking for network and international expansion

Updated On : 30 Jun 2024 | 1:26 PM IST
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SpiceJet's domestic passenger market share drops below Akasa Air in May

SpiceJet carried 554,000 passengers in May, a drop of about 10 per cent month-on-month (MoM). On the other hand, Akasa Air carried 664,000 passengers in May, a jump of about 14.5 per cent MoM

Updated On : 14 Jun 2024 | 4:58 PM IST
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Only Vistara improved on-time performance in May, shows govt data

While Akasa Air recorded a month-on-month drop in OTP, it retained its top spot on the punctuality chart with a performance of 86.43 percent in May

Updated On : 13 Jun 2024 | 11:13 PM IST
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Akasa on path to profitability; will launch more int'l flights: Co-founder

In less than two years of taking to the skies, Akasa Air has a fleet of 24 planes and has more than 4,000 employees

Updated On : 09 Jun 2024 | 10:42 PM IST
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Have stopped hiring pilots as there is sufficient strength: Akasa Air CEO

In September last year, Akasa Air was forced to cancel about 24 daily flights as around 43 pilots abruptly resigned to join rival carriers without serving their mandatory notice periods

Updated On : 05 Jun 2024 | 6:10 PM IST
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Akasa Air expects deliveries of Boeing 737 MAX 10 aircraft by 2027

Akasa Air had ordered 150 737 MAX narrow-body planes in January, including the MAX 10 and MAX 8-200 versions. It had not specified how many of each type were ordered

Updated On : 06 Jun 2024 | 8:27 PM IST
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Akasa's Delhi-Mumbai flight diverted to Ahmedabad due to 'security alert'

The aircraft had 186 passengers, 1 infant and six crew members onboard, it said

Updated On : 03 Jun 2024 | 12:56 PM IST
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Akasa Air maintains its lead in monthly punctuality charts, shows data

In March, the airline, with a fleet of 24 planes, achieved the highest average daily OTP of 85.21 percent

Updated On : 08 May 2024 | 11:59 PM IST
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Akasa Air now allows carriage of pets weighing up to 10 kg in cabin

In November 2022, the airline introduced the service wherein passengers have been allowed to travel on domestic flights with their cats and dogs in the cabin or cargo, based on their weight

Updated On : 08 May 2024 | 10:41 PM IST
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Akasa Air regains top spot in on-time performance chart in March

In March, the new airline maintained an average daily OTP of 85.21 per cent. AIX Connect, which held the top position in February, recorded an OTP of 85.07 per cent in March

Updated On : 04 Apr 2024 | 5:01 PM IST
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Akasa Air commences int'l operations, inaugural flight from Mumbai to Qatar

Akasa will be rapidly expanding its global footprint in the coming months, the statement said

Updated On : 29 Mar 2024 | 11:23 PM IST
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India has extremely affordable airfares: Akasa Air CEO Vinay Dube

On whether there could be disruptions once the revised norms are implemented, he replied in the negative

Updated On : 24 Mar 2024 | 10:45 PM IST
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New FDTL rules: Have enough pilots, won't cancel flights, says Akasa CEO

As of February 2024, the cancellation rate at Akasa Air has been 0.30 per cent, which is the lowest among domestic Indian carriers

Updated On : 21 Mar 2024 | 10:45 PM IST
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Boeing 737 MAX deliveries on track as Akasa goes international: CEO Dubey

Akasa's current fleet includes 24 Boeing aircraft of the total 226 it has on order which are expected to be delivered over 8 years. Dube declined to give a year-wise breakup

Updated On : 20 Mar 2024 | 10:01 PM IST
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CAE signs deal with Akasa Air to train budget carrier's B737 Max pilots

Agreement gives Akasa Air 'access to world's best training facilities' for 15 years

Updated On : 19 Mar 2024 | 11:38 PM IST
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Akasa Air to trim its budget for 2024-25 as part of cost control measures

The carrier, which commenced commercial flights on August 7, 2022, operates more than 20 Boeing 737 Max aircraft

Updated On : 04 Mar 2024 | 7:07 PM IST
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Akasa Air to operate first international flight to Doha on March 28

Currently, 68 flights per week are operated by four carriers between Mumbai and Doha

Updated On : 16 Feb 2024 | 10:52 PM IST
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Akasa Air to start international ops from March 28; first flight to Doha

Akasa Air Founder and CEO Vinay Dube said its foray into Qatar marks the next phase of growth as it continues the journey towards becoming one of the world's top 30 airlines by the turn of this decade

Updated On : 16 Feb 2024 | 5:01 PM IST
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Will probe incident involving LS member Pragya Singh Thakur: Akasa Air

In a post on X on Friday, Thakur alleged that Akasa Air's duty manager Imran and his associates conspired and tried to cause loss to her

Updated On : 16 Feb 2024 | 1:22 PM IST
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