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Akasa Air has joined global airlines' grouping International Air Transport Association (IATA) as a member. IATA represents over 360 airlines, including Indian carriers Air India, Air India Express, IndiGo and SpiceJet. In a release on Friday, Akasa Air said it became an IATA member after completing IATA Operational Safety Audit (IOSA) which is mandatory for the membership. "We are excited to welcome Akasa Air as an IATA member. India's aviation potential is huge, with the industry supporting 7.7 million jobs and USD 53.6 billion in economic contribution," Regional Vice President for Asia-Pacific for IATA Sheldon Hee said. With a fleet of 31 Boeing 737 MAX planes. Akasa Air connects 26 domestic and 6 international cities. About the IATA membership, Akasa Air Founder and CEO Vinay Dubey said the association will strengthen the airline's global credibility and position it as a future-ready Indian airline on the world stage.
Indian aviation market is emerging stronger with growth in connectivity, networks and airport infrastructure, and the country also has the potential for producing sustainable aviation fuel, global airlines' grouping IATA said on Sunday. However, the grouping also said that there is a high cost environment in India and also high uncertainty for tax planning. Amitabh Khosla, Country Director India, Nepal & Bhutan at the International Air Transport Association (IATA) on Sunday said the Indian aviation market is witnessing a significant improvement on the back of emergence of stronger airlines within the country, the growth of connectivity and networks. "We are also seeing significant increase in the airport infrastructure, so it gives a good foundation, a base on which India will build further," he said. At a briefing in the national capital on the sidelines of the World Air Transport Summit (WATS) being organised by IATA, Khosla also said India is one of the largest producers of ...