Indian airline Akasa Air ekes out 1% share of skies as IndiGo leads pack

Chief Executive Officer Vinay Dube has said Akasa is financially strong enough to place larger orders and expand its fleet to 72 aircraft within five years.

India’s newest carrier Akasa Air took a 0.9% share of the domestic market in September, its first full month operating in a country where almost a dozen airlines vie for passengers. 
 

The low-cost carrier, backed by the billionaire Rakesh Jhunjhunwala who died in August at the age of 62, is trying to muscle into a market that continues to be dominated by IndiGo, which had a nearly 58% share in September, according to data published by the Directorate General of Civil Aviation. 
 

Akasa started flying between Mumbai and Ahmedabad on Aug. 7 using Boeing Co. 737 aircraft. It expanded to