Page 10 - Akasa Air

Standard Chartered closes operating lease of 5 aircraft with Akasa Air

Global banking group Standard Chartered on Monday said it has closed an operating lease of five new Boeing 737 MAX 8 aircraft with domestic carrier Akasa Air. While the bank already provides Akasa Air with corporate banking solutions and services, this is the first aviation finance transaction with the airline, Standard Chartered said in a statement. As part of the deal, structured, financed and arranged exclusively by Standard Chartered Aviation Finance, the first four aircraft were delivered to the airline between December 2022 and March this year, it said. The fifth and final aircraft is scheduled for delivery in the second quarter of 2023, Standard Chartered added. Akasa Air, which started operations on August 7 last year, had 19 Boeing 737MAX8 in the fleet as of March 25, according to an aircraft fleet tracking website. Standard Chartered has further strengthened its relationship with Akasa Air and supported its growth with these new additions to its fleet, said Kieran Corr,

Akasa Air launches two new flights from Lucknow to Goa, Ahmedabad

To offer seamless connectivity to the passengers flying out of Chaudhary Charan Singh International Airport (CCSIA) here, Akasa Air on Sunday launched two flights to Goa and Ahmedabad. With Akasa Air, the airport now has three airlines connecting Lucknow with Goa, CCSI said in a statement. The other two airlines connecting the two cities are AirAsia and Indigo, it said. Akasa Air is also launching a new flight connecting Lucknow with Ahmedabad, taking their weekly departures from the airport up to 35, the statement said. The daily non-stop flight from Lucknow airport to Goa will depart at 14:15 hrs and to Ahmedabad at 21:00 hrs. Over 18,000 passengers travel in over 128 flights, both domestic and international, from Lucknow airport on a daily basis.

Akasa wants to be nimble, efficient rather than have a label: CEO Dube

Flying in the Indian skies for more than seven months now, Akasa Air wants to be nimble and efficient rather than have a label, which will sometimes pigeonhole the airline into doing and not doing certain things, according to its founder Vinay Dube. At the same time, he said that people have started using the words like "warm, empathetic and kind" for the onboard experience and those are exactly the kind of words that we would like to be associated with the Akasa experience. With 19 aircraft in its fleet and operating 110 daily flights, the carrier is in its early stages but does not want to be labelled as a startup or as a budget carrier. By the end of this year, the airline plans to start international operations and place a "three-digit order" for aircraft. In an interview with PTI, Dube said the airline is in its early stages, but "if someone has got 19 aircraft, is that a startup or is that not a startup?" "Again, I am not great with labels, and even with people, I just don't

Akasa Air to hire nearly 1,000 people by March 2024: CEO Vinay Dube

Akasa Air plans to hire nearly 1,000 people and take the total staff strength to more than 3,000 by the end of March 2024 as the airline continues to expand its fleet as well as routes, according to its chief Vinay Dube. The airline, which took to the skies a little over seven months ago, also plans to start international operations by the end of this year, and the possible overseas destinations are still in the process of being finalised. In an interview with PTI, Dube, the founder and CEO of Akasa Air, said the airline will place a "three-digit aircraft order" by the end of this year. It has placed an order for 72 Boeing 737 Max aircraft, and 19 of them are already in its fleet. The 20th aircraft will be inducted in April, following which it will also be eligible to fly overseas. In the next financial year, the carrier aims to add another 9 planes to its fleet, taking the total size to 28. Currently, it operates 110 flights every day. "We have more than 2,000 employees today, an

Akasa's focus to remain on connecting metros to non-metros, says CEO

The airline is already considering placing another aircraft order

India can play leading role in sustainable aviation fuel: Akasa's Ghosh

There is a gap of around $350 million in terms of funding between traditional aviation fuel and 10% blended fuel, he said

India can play leading role in sustainable aviation fuel, says Aditya Ghosh

Akasa Air Co-Founder Aditya Ghosh on Monday said India can play a leading role with respect to sustainable aviation fuel by plugging into the global supply chain opportunities. Airlines and airports will be pushed to take sustainable measures, he said but added that currently, sustainable aviation fuel is much more expensive compared to the traditional fuel. Ghosh, an aviation industry veteran and former IndiGo chief, was speaking at the CAPA aviation summit in the national capital. There is a gap of around USD 350 million in terms of funding between traditional aviation fuel and 10 per cent blended fuel, he said. According to him, India can plug into the global supply chain opportunities in the context of Sustainable Aviation Fuel (SAF). India can play a leading role in solving the problems for the world, he added. In this context, blended fuel means 10 per cent of SAF blended with traditional fuel. The government is working on mandating blending of jet fuel with SAF as the coun

Airlines considering special discounts for travellers with only cabin bag

The latest move may pivot frequent travelers from staying in hotels to flying even more

Akasa Air completes 6 months of operations; flies over 1mn passengers

The airline has flown a total of 0.5 million passengers from the city, which contributes to 70 per cent of the total number of passengers flown across its network to date

Akasa Air to place order for fleet of aircraft in three digits by year-end

Akasa Air is going to place an order for a fleet of aircraft which will be in three digits by the year-end, the company said on Wednesday. The company's founder and Chief Executive Officer, Vinay Dube said it plans to go international by the year-end and intends to set up a learning academy in Bengaluru. He also said Akasa has already ordered a fleet of 72 aircraft of which 18 have been delivered. "By the end of the year we will place a large order for aircraft. I'm not going to disclose the number but the order will be in three digits and it will be significant," Dube said in a press conference here. In the next one year, Akasa is going to hire 300 pilots, Dube said, adding that the company is also going to open a learning centre in Bengaluru. According to him, Akasa Air will need at least 3,500 pilots in the next one decade. The company completed six months of its operations to become the fastest growing airlines in the country, it said in a statement. With 36 daily flights fr

Akasa Air to place large plane order in 2023, eyes international growth

The new order will be for narrowbody planes, said Akasa's co-founder, a former chief executive of now-grounded, bankrupt full-service carrier Jet Airways

Akasa faces operational disruptions amid outage at service provider's facility

Akasa Air on Wednesday said it experienced certain "operational disruptions" due to the global outage at its service provider's facility and the issues were fixed later. On Wednesday, thousands of users across the globe reported problems with various online services, including Azure cloud computing service, offered by Microsoft. "Our systems have been temporarily affected, owing to the global outage at our service provider's facility, causing certain operational disruptions. We are working closely with our stakeholders to address the situation and appreciate your patience and support during this time. We sincerely regret the inconvenience caused to our customers," an Akasa Air spokesperson said in a statement on Wednesday. The issues were fixed later. In the statement, the airline did not mention about Microsoft. Akasa Air, which started flying in August 2022, started flights from Hyderabad on Wednesday and operates 582 weekly flights. On Twitter, a user said that it seems Micros

Akasa Air to start flights from Hyderabad to Bengaluru, Goa from Wednesday

Akasa Air on Tuesday announced it will operate daily flights between Hyderabad and Bengaluru and between Hyderabad and Goa starting from January 25. Two additional Hyderabad-Bengaluru frequencies will be added starting February 15, the airline said. Akasa Air Co-Founder and Chief Commercial Officer Praveen Iyer said, "Commencing operations from Hyderabad, our 13th destination with daily flights to Goa and Bengaluru further strengthens our presence in southern India." Akasa Air Co-Founder and Chief Marketing and Experience Officer, Belson Coutinho said, "We are happy to bring the Akasa experience to Hyderabad. As we connect cities, people, and cultures, we look forward to creating and delivering memorable travel experiences to our valued customers." Akasa Air, founded by late stock market investor Rakesh Jhunjhunwala along with aviation industry veteran Vinay Dube, launched its operations in August 2022. With the commencement of the Hyderabad flights, the airline will cross the ...

Akasa Air to launch Goa operations from Panaji on Wednesday: Co-founder

Akasa Air will launch its Goa operations from Panaji on Wednesday, with daily services to Mumbai and Bengaluru, the airline's co-founder and chief commercial officer Praveen Iyer said on Tuesday. Goa will be the 12th city on its network in the country. "Akasa Air will be offering double daily flights from Goa to Mumbai, and from Goa to Bengaluru from January 11, 2023. From February 1, 2023, the airline will increase its frequency from Goa to Bengaluru by adding an additional flight each day," he said. The first Akasa Air flight QP1392 on the Bengaluru-Goa route is scheduled to land at 10 am at the newly inaugurated Manohar International Airport (Mopa) on Wednesday. "Goa is one of India's most popular tourist destinations and has recently also emerged as a manufacturing base for several leading companies. The launch of Goa as the latest destination on Akasa Air's network, facilitating connectivity to Mumbai and Bengaluru, reiterates the airline's commitment to strengthen important .

Akasa Air set to launch two flights to Mumbai, Bengaluru from Lucknow today

Akasa Air is commencing its air service from Lucknow on Sunday

UP CM Yogi welcomes start of Akasa Air services from Lucknow on Dec 25

Uttar Pradesh Chief Minister Yogi Adityanath on Saturday expressed happiness over the commencement of flight services of Akasa Air from the state capital Lucknow on December 25. "Former Prime Minister Atal Bihari Vajpayee represented Lucknow five times in the Lok Sabha. On his birth anniversary, new air service is being started from Lucknow to Mumbai and Bangalore. It is heartening for all of us," Adityanath said on Saturday. On the eve of the commencement of the first flight of Akasa Air from Lucknow, the officials of the airline greeted the UP Chief Minister by giving him the first boarding pass (symbolic), the UP government said in a statement issued here. After getting information from the officials of Akasa Air regarding the model, route, fuel, fare etc, the chief minister said that Akasa Air is starting its air service for the Bengaluru-Lucknow-Mumbai route. "It should also be linked to Varanasi. This route is the most frequented. This will prove to be very useful for both th

From the cockpit: Meet Vinay Dube, co-founder and CEO of Akasa Air

Avid golfer and tea aficionado, Dube speaks to Aneesh Phadnis about food, family and flights

Very tough path ahead for new entrants like Akasa, Jet 2.0: GMR official

Julian Carr, the firm's CMO, says it will be "fascinating" to see how IndiGo's desire to grow further progresses when Air India aims to become a big full-service domestic and international carrier

Akasa Air to launch services on Visakhapatnam-Bengaluru route from Dec 10

Domestic carrier Akasa Air announced its plans to launch services to Visakhapatnam from Bengaluru, starting December 10, which will be the airline's 10th destination since its launch in August this year. The city-based airline recently announced connecting Pune and Bengaluru with double daily flights from November 26 and a third frequency on the route from December 10. Witnessing a rise in demand, the airline is further augmenting connectivity between Bengaluru and Ahmedabad by adding a third frequency starting December 17, Akasa said. Akasa Air will launch two daily flights on the Bengaluru-Visakhapatnam route, with the first frequency starting from December 10 and the second frequency from December 12, the airline said in a statement. With the introduction of these services, Akasa will now offer 24 daily non-stop flights ex-Bengaluru by connecting to eight cities - Mumbai, Ahmedabad, Delhi, Chennai, Kochi, Guwahati, Pune, and Visakhapatnam, it said. Of the 10 destinations, eig

Instant food brand Yu raises Rs 20 cr funding for business expansion

Company says it will 'aggressively expand' presence in US, Africa and West Asia