Page 3 - Akasa Air

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

Akasa Air appoints Belson Coutinho as COO to oversee operations, growth

Belson Coutinho, a key member of Akasa Air's leadership since 2022, previously served as chief marketing and experience officer before being appointed Chief Operating Officer (COO)

DGCA takes action against senior Akasa Air pilot for lapses in landing

Aviation watchdog DGCA has withdrawn the Line Training Captain approval given to an Akasa Air pilot for lapses in landing of a passenger aircraft in March 2024, till further orders, according to sources. Besides, the permission given to the pilot for carrying Short Take Off and Landing (STOL) has been withdrawn. This is the latest incident of Akasa Air coming under regulatory scanner for lapses. In an order issued on Monday, the Directorate General of Civil Aviation (DGCA) in an audit of Akasa Air conducted in October last year found that the pilot had made a hard landing, which means the aircraft had made an abnormal contact with the runway, the sources said. The incident was closed with a counselling session and no corrective training was imparted to the pilot concerned, as per the order. DGCA found that the replies by the airline and the pilot to its show cause notices, issued in November 2024, were not satisfactory. As a result, the sources said DGCA has decided to withdraw t

Section of Akasa Air pilots seeks detailed DGCA audit over training issues

Resentment among a section of Akasa Air pilots continued allegedly over training issues with these pilots seeking a detailed DGCA audit of the airline a day after the regulator ordered suspension of two senior airline officials for certain lapses, according to a communication. In a detailed communication to the civil aviation ministry and the DGCA on Saturday, the section of pilots has also mentioned that they are in the process of forming a pilots' union at the airline. Queries to Akasa Air on this issue remained unanswered. According to the communication, the Directorate General of Civil Aviation (DGCA) has served 10 showcause notices to the airline in recent weeks for various alleged lapses. Earlier this month, allegations related to pilot training practices and attrition of pilots made by the section of pilots were termed baseless and untrue by the airline. On December 27, the DGCA ordered the suspension of Akasa Air's directors of operations and training for six months for ..

DGCA suspends Akasa Air's directors of training, flight ops over lapses

The regulator said an audit found that navigation skills of pilots were being conducted on simulators that weren't qualified for that kind of training

Akasa Air's 2025 sale: All-inclusive fares from Rs 1599 for domestic routes

The sale is valid for 'Saver' and 'Flexi' fares on bookings made between 31st December 2024 and 3rd January 2025 for travel starting from 7th January 2025

DGCA slaps Akasa Air with Rs 10 lakh penalty over boarding denial

This is not the airline's first run-in with the regulator. In October, the DGCA imposed a Rs 30 lakh fine on Akasa Air for lapses in pilot training