Page 2 - Akasa Air

Akasa Air sees no dip in passenger demand post Air India plane crash

Akasa Air reports continued healthy load factors and traveller confidence post-AI171 crash, with regulatory approvals for new investors in the final stages and no major concerns over Boeing deliveries

Akasa Air aims to have 226 planes in fleet by 2032, says CFO Ankur Goel

Continuing with its expansion, Akasa Air aims to have 226 planes in its fleet by 2032, with an annual capacity addition of 25-30 per cent, the airline's Chief Financial Officer Ankur Goel said on Tuesday. Launched in August 2022, Akasa Air currently flies to 23 domestic and international destinations with a fleet of 30 Boeing 737 MAX planes. At a briefing in the national capital, Goel said the airline is focused on cost leadership. Akasa Air has placed orders for 226 Boeing 737 MAX planes, and 30 of them are currently being operated by the carrier. The airline aims to have 226 aircraft by 2032, Goel said and added that the fleet capacity growth will be around 25-30 per cent CAGR (Compound Annual Growth Rate) in the seven-year period.

Cargo vehicle hit wing of stationary Akasa Air aircraft at Mumbai airport

A Bird Group's cargo vehicle hit the wing of a stationary Akasa Air aircraft at Mumbai Airport on Monday, causing some damage to the right winglet, according to sources. However, there was no impact to passengers or the employees in the incident, which took place early morning on Monday after the airline's flight QP-1736 arrived here from Bangalore and the baggage and cargo were being offloaded, they said. The driver of the cargo truck apparently misjudged the height of the Boeing 737-Max aircraft's wing, leading to the vehicle clipping with the aircraft's wing, according to sources. "A third party ground handler, while operating a cargo truck, came in contact with an Akasa Air aircraft that was parked at Chhatrapati Shivaji Maharaj International Airport, Mumbai. The aircraft is currently undergoing a thorough inspection," Akasa Air said in a statement. The airline also said that it is investigating the incident with the third party ground handler. Delhi-based Bird Group's company

GMR Aero Technic inks three-year base maintenance deal with Akasa Air

GMR Aero Technic, India's leading airframe Maintenance, Repair and Overhaul (MRO) organisation, on Monday said it has signed a three-year agreement with Akasa Air, for base maintenance support of its Boeing 737 MAX fleet. A press release from GMR said under the agreement, GMR Aero Technic will undertake scheduled base maintenance checks for Akasa Air's fleet at its state-of-the-art MRO facility, located within the GMR Aerospace & Industrial Park here. For Akasa Air, this partnership underscores its commitment to maintaining a modern, efficient fleet that upholds the highest standards of safety and reliability. For GMR Aero Technic, it reinforces its growing stature as a trusted partner to India's leading airlines and reflects the increasing confidence of domestic carriers in the country's evolving MRO ecosystem, it said. Ashok Gopinath, President and Accountable Manager, GMR Aero Technic, said, We are delighted to embark on this partnership with Akasa Air for their C Check ...

Akasa Air's net loss widens to ₹1,983 crore in FY25 as costs, delays rise

Akasa Air's FY25 loss rose nearly 19 per cent year-on-year amid forex, staff and maintenance costs and slow aircraft deliveries, though it remains cash positive

Air India CEO Wilson received a raise days before Ahmedabad plane crash

Wilson's new salary stood at ₹27.75 crore as compared to the ₹18.98 crore he earned in 2023-24, marking a 46 per cent jump. He took charge as Air India's CEO in July 2022

Akasa Air to launch 100 plus weekly flights from Navi Mumbai airport

Akasa joins IndiGo in confirming its early commitment to NMIA

Akasa Air signs pact with Adani Airport to launch operations from NMIA

Akasa Air partners with Adani Airports to begin operations from Navi Mumbai International Airport, starting with 100+ weekly flights and expanding to 350+ domestic and international departures

Three senior executives resign from Akasa Air amid leadership churn

Akasa Air's growth ambitions have been challenged in the last one year by delays in the delivery of its Boeing 737 MAX aircraft

Premji Invest, Pai family get CCI nod to acquire stakes in Akasa Air

Fair trade regulator CCI on Tuesday approved proposals of tech tycoon Premji Invest, Manipal Group Chief Ranjan Pai's family office and 360 ONE Asset to acquire stakes in domestic carrier Akasa Air's parent company SNV Aviation. SNV Aviation Pvt Ltd, which operates Akasa Air, is engaged in air passenger and cargo transport services. "The proposed combination involves the acquisition of a certain shareholding in Akasa Air by PIOF, PI Executives, Claypond, and 360 Fund, acting through its investment manager, 360 ONE Alternates Asset Management Ltd," the Competition Commission of India (CCI) said in a release. PIOF is a Sebi-registered alternative investment fund owned and controlled by Premji Invest, while Claypond is an arm of the Pai family group. "Commission approves the acquisition of certain shareholding in SNV Aviation Private Limited (Akasa Air) by PI Opportunities Fund-I Scheme-II (PIOF), certain executives of PIOF, Claypond Capital Partners Private Limited (Claypond), and 36

Akasa Air to expand fleet to 30, eyes Navi Mumbai and Jewar as key hubs

Started operation just less than three years ago, the airline's passenger traffic more than doubled over the past year

Inside Akasa Air's struggles with Boeing delivery delays and idle pilots

The Mumbai-based low-cost airline, Akasa Air, which started operations about three years ago, has a fleet of 27 planes, but has 226 jets - all Boeing 737 MAXs - on order

Akasa Air Holi Sale: Up to 15% off on domestic and international flights

The sale is valid for bookings made between March 10, and March 13, for travel commencing from March 17. It applies to both non-stop and through flights across Akasa Air's extensive network

Domestic air traffic rises 11% in January, IndiGo tops with 65.2% share

Domestic air traffic grew 11.28 per cent to 1.46 crore in January compared to the year-ago period, according to official data. IndiGo saw its market share climb to 65.2 per cent while that of Air India Group declined to 25.7 per cent last month. Akasa Air and SpiceJet saw their respective market share increased to 4.7 per cent and 3.2 per cent. "Passengers carried by domestic airlines during January 2025 were 146.11 lakh as against 131.30 lakh during the corresponding period of the previous year thereby registering an annual growth of 11.28 per cent and monthly growth of 11.28 per cent," DGCA said on Thursday. Last month, the overall cancellation rate of scheduled domestic airlines stood at 1.62 per cent, with the highest cancellation rate for Fly Big at 17.74 per cent followed by Fly91 (5.09 per cent) and Alliance Air (4.35 per cent). The data released by the Directorate General of Civil Aviation (DGCA) showed that IndiGo recorded the highest On Time Performance (OTP) at 75.5 pe

Premji Invest, Ranjan Pai family office seek nod for stakes in Akasa Air

Tech tycoon Azim Premji's global investment arm, Manipal Group Chief Ranjan Pai's family office and 360 ONE Asset have sought approval from fair trade regulator CCI to acquire stakes in domestic carrier Akasa Air's parent company SNV Aviation. "The proposed transaction involves the acquisition of certain shareholding by each of PIOF, Claypond and 360 Fund (through its various schemes and affiliates) in Akasa Air," said a notice filed with the Competition Commission of India (CCI) on Wednesday. PIOF is a Sebi-registered alternative investment fund owned and controlled by Premji Invest, while Claypond is an arm of the Pai family group. The 360 fund is a Sebi-registered AIF. The fund is managed by leading asset management firm 360 ONE Asset. SNV Aviation Pvt Ltd, which operates Akasa Air, is engaged in domestic, international scheduled air passenger transport services and air cargo transport services. In its submission to the CCI for the assessment of the proposed transaction, PIOF,

Azim Premji, Ranjan Pai family offices infuse capital into Akasa Air

The airline's net loss more than doubled in 2023-24, soaring to Rs 1,670 crore from Rs 744 crore in the previous year

No level playing field in allocation of bilateral rights: Akasa Air to govt

Bilateral rights, negotiated between two countries, determine the number of flights allowed between them. Each government then allocates its share to its airlines

Akasa Air well-capitalised, set to expand with new destinations: CEO

Akasa Air, India's youngest airline, is well-capitalized and plans to add 5-10 new destinations, including international routes, next year as it aims to maintain its position as the country's fastest-growing airline, CEO Vinay Dube said. Dube, in an interaction with PTI, also projected an "incredibly bright" outlook for the next 30 years and said the delay in the delivery of one or two aircraft does not change the fundamentals of the airline's business or growth trajectory as it has built an extremely "strong and stable" platform. The nearly two-and-a-half-year-old Rakesh Jhunjhunwala family-backed Akasa Air currently has a fleet of 27 Boeing 737 Max planes and commanded a 4.6 per cent market share in CY2024. "It is no secret that Boeing has been delayed in its delivery stream. No secret about that, either from us or Boeing or any other airline whether one or two aircraft were late or not, is not something that changes the fundamentals of our business. It does not change the growth

DGCA warns Akasa Air for violating dangerous goods transport regulations

During the inspection, the regulator found that electronic devices containing lithium batteries were being accepted without proper checks or verification of battery power

Section of Akasa Air pilots seeks probe into airline's hiring practices

A section of Akasa Air has written to the civil aviation ministry seeking a probe into the airline's hiring practices, alleging rostering issues and other lapses. Among others, these pilots have claimed that some operating crew do not report to work on time and claimed that there are issues with reporting of On Time Performance. On Thursday, the section of the pilots sent an e-mail to Civil Aviation Minister K Rammohan Naidu, Civil Aviation Secretary, and Director General of Civil Aviation, flagging various issues at the airline. There was no immediate comment from Akasa Air. In the e-mail, the pilots have sought an investigation into the airline's hiring practices, claiming that hiring was being done at the whims and fancies of a chosen few. It also alleged that the carrier does not have a stable roster. Recently, the section of pilots had raised concerns about alleged training and safety issues at the airline even though the airline had rejected them as baseless and untrue. In