The interest from multiple backers in Akasa comes at a time when airlines, hit by two consecutive years of the pandemic, are scouring for funds
'There continues to be a lot of room for efficiency and cost optimisation', says Dube
After a year of disruptions, businesses were better prepared in 2021, not only adjusting to the new normal but also making the most of it
'The Tagline 'It's Your Sky' encapsulates an inclusive brand experience by reminding us that the sky embraces everyone,' says Akasa Air
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The pandemic may have willy-nilly created an opportunity to correct the anomalies of the past
Slice, a credit-card startup targeting young consumers, raised $220 million to become India's latest unicorn. More on that story in our top headlines.
Competitive aircraft costs would be one major advantage for Akasa
The purchase is contingent on US clearance of the Covid oral antiviral, which Pfizer has applied for, according to a statement from the company Thursday
Mumbai-based startup Akasa Air announced an order Tuesday for 72 of the jets at the Dubai Airshow, a deal worth $9 billion at list prices.
CFM LEAP-1B engines will power the airline's recently acquired Boeing 737 MAX airplanes
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The airline received no objection certificate from the civil aviation ministry last month
It's a bold bet by Jhunjhunwala, in a market that has seen some airlines collapse in the face of intense fare wars and high costs. Here's all you need to know about the new airline