Akasa Air

Akasa Air is an upcoming Indian ultra low-cost carrier promoted by investor Rakesh Jhunjhunwala who co-founded it alongside former Jet Airways CEO Vinay Dube.[2][3] It is expected to start operations in summer of 2022 with a fleet of new Boeing 737 MAX aircraft.[4]

Akasa Air
Founded2021
HubsBangalore
HeadquartersMumbai, Maharashtra, India
Key peopleVinay Dube (CEO)
Aditya Ghosh[1]
Websitehttps://www.akasaair.net

History

During March 2021, reports surfaced that Vinay Dube the former CEO of Jet Airways and GoFirst planned to launch a new low-cost carrier in India with former GoFirst Chief Commercial Officer (CCO), Praveen Iyer and Head of Flight Operations, Nikhil Ved.[5][6]

In July 2021, India billionaire trader Rakesh Jhunjhunwala invested $35 million for a 40% stake in the carrier.[7][8]

It received a No Objection Certificate from the Ministry of Civil Aviation in October 2021.[9][10] The airline is in the process of receiving it's Air Operator's Certificate (AOC) next as well.[11] After receiving an AOC the airline will start operations within 3 to 6 months.[12] The airline is aiming to launch flights in the summer of 2022.[9] Akasa Air is eyeing the Boeing 737 MAX for their operations and has stated that they aim to induct around 70 of those planes in the next four years.[13]

Fleet

On 16 November 2021, Akasa Air ordered 72 Boeing 737 MAX aircraft valued at nearly $9 billion in list prices. The order consists of 737 MAX 8 and the high-capacity 737 MAX 200 variants.[14]

Akasa Air fleet
Aircraft In service Orders Passengers Notes
Boeing 737 MAX 8 — — 189
Boeing 737 MAX 200 — — 197
Total — 72

References
  1. "Jet Airways, Akasa plan to fly next year. Then there's everything at Air India. Is it getting better for Indian airlines?". CForbes India. 21 September 2021. Retrieved 13 October 2021.
  2. "Rakesh Jhunjhunwala-promoted Akasa Air's Holding Company SNV Aviation Registered Using Vinay Dubey's Address". Moneycontrol. 2021-08-04. Retrieved 2021-08-06.
  3. "Rakesh Jhunjhunwala-promoted Akasa Air Gets No-objection Certificate From Civil Aviation Ministry, DGCA: Reports". Moneycontrol. 2021-08-04. Retrieved 2021-08-06.
  4. "Huge: Indian Startup Akasa Air Orders 72 737 MAX Aircraft". Simple Flying. 2021-11-16. Retrieved 2021-11-17.
  5. "Jet Airways' ex-CEO Is Reportedly Looking To Start Another Airline". Simple Flying. 2021-03-19. Retrieved 2021-11-17.
  6. "Vinay Dube, ex-CEO of Jet Airways and GoAir, plans to launch new domestic airline by end of 2021-India News , Firstpost". Firstpost. 2021-03-18. Retrieved 2021-11-17.
  7. "Rakesh Jhunjhunwala Airline's $9 Billion Order For Boeing 737s". NDTV.com. Retrieved 2021-11-17.
  8. Shukla, Tarun. "Akasa Air's take-off: with the Big Bull in cockpit, the low-cost airline has no room for mistakes". The Economic Times. Retrieved 2021-11-17.
  9. Sharma, Anu (2021-08-04). "Rakesh Jhunjhunwala's Akasa Air gets NOC from Aviation Ministry, aims flight take off by 2021 end". CNBCTV18. Retrieved 2021-08-06.
  10. "Rakesh Jhunjhunwala's Akasa Air gets NOC from Ministry of Civil Aviation". www.timesnownews.com. Retrieved 13 October 2021.
  11. "Rakesh Jhunjhunwala's Akasa Air Gets Govt Nod, Aims To Fly From Next Year". www.businessworld.in. Retrieved 13 October 2021.
  12. "Aviation Industry gives nod to Rakesh Jhunjhunwala-backed Akasa Air to operate in India". www.deccanherald.com. 11 October 2021. Retrieved 13 October 2021.
  13. "Akasa: India's New Ultra Low-cost Airline". www.airwaysmag.com. 14 August 2021. Retrieved 13 October 2021.
  14. "Akasa Air Orders 72 Fuel-Efficient 737 MAX Airplanes to Launch Service in Fast-Growing Indian Market". MediaRoom. Retrieved 2021-11-17.


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