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AKASA AIR PROFITS
Jhunjhunwala-backed Akasa Air joins IATA, becomes fifth Indian airline to become member of global aviation bodyAkasa Air has officially joined the International Air Transport Association (IATA), a significant achievement following its successful comp...- Akasa Air awaits security approval for inducting new board membersAkasa Air is set to welcome new board members, pending security approval. With fresh investments from Premji Invest and Claypond Capital, t...
- Akasa Air boosts 'Pets on Akasa' service with new perks for travellersAkasa Air has enhanced its 'Pets on Akasa' service, now permitting passengers to travel with two pets in the cabin, an increase from the pr...
- Akasa Air completes strategic investment transactions; Premji Invest, 360 ONE Asset among new investment partnersAkasa Air has finalized strategic investment deals, welcoming Premji Invest, 360 ONE Asset, and Dr. Ranjan Pai's investment office as partn...
- Increase in size will result in profitability: Akasa Air CFO Ankur GoelAkasa Air anticipates a significant capacity boost this fiscal year, exceeding 30%, driven by increased aircraft deliveries from Boeing. De...
- Akasa Air aims to have 226 planes by 2032, targets 25-30% growth yoyAkasa Air is aggressively expanding, targeting a 226-plane fleet by 2032 with a 25-30% annual capacity increase. The airline plans to add f...
- Why Premji-Ranjan Pai are betting millions on Akasa AirAkasa Air, a new budget carrier, is securing substantial investment from prominent family offices amidst a challenging Indian aviation sect...
- Premji-Ranjan Pai family offices to board Akasa with big stake buyAkasa Air is securing a $130-140 mn investment from a consortium led by Premji Invest and Claypond Capital. The Jhunjhunwala family is also...
- Akasa Air posts Rs 1,670 crore loss in FY24; CFO says performance will be better this fiscalAkasa Air reported a widened loss of Rs 1,670.06 crore in FY24 despite a surge in total income. The airline attributed the loss to investme...
- Rakesh Jhunjhunwala's lofty bet has grown fourfold: What lies aheadIn 2021, Vinay Dube launched Akasa Air, backed by investor Rakesh Jhunjhunwala. Despite initial losses, the airline's valuation has grown t...
- Akasa Air completes 2 years of flying; says airline on successful trajectory towards profitabilityAkasa Air marked two years since its inception, highlighting a successful trajectory towards profitability and an expected 50% annual incre...
- Akasa Air eyes flights to Asia’s tourist hotspots like Thailand & MalaysiaAkasa Air is expanding its international network across Southeast Asia and the Indian subcontinent to cater to the growing demand for overs...
- Aviation market big enough for Akasa Air to succeed, says CEO Vinay DubeAs Akasa Air expands domestically and internationally, CEO Vinay Dube focuses on service excellence and cost leadership, rather than compet...
- Akasa Air well on path to profitability; will launch more intl flights: Co-Founder Aditya GhoshAkasa Air, co-founded by Aditya Ghosh, is progressing towards profitability and expanding its reach to South and Southeast Asia. In under t...
- The right bet: Rakesh Jhunjhunwala's dream is set to soar higherExiting 2023 with a fleet size of 22 aircraft, including 21 Boeing 737 MAX 8 and one Boeing 737 MAX 8 200, the first of its kind in Asia, A...
- Akasa Air reports a loss of Rs 602 crore"It is only after you reach a certain size and scale and the costs incurred on route developments start spinning money. The airline has don...
- Akasa Air hikes pilots' salary by up to 40 per centAkasa’s hike will likely set off salary increases at other carriers to ensure they have enough pilots as Indian airlines fastens induction ...
- Akasa Air: An airline with Jhunjhunwala's Midas touch is flying high. Where is it headed?Akasa Air, India's young airline, has become the first airline in the global aviation industry to increase its fleet from zero to 20 aircra...
- Rakesh Jhunjhunwala-owned Akasa Air receives first Boeing aircraft"Flying an advanced, environmentally progressive 737 MAX fleet with greater fuel efficiency and lower operating costs will enable Akasa Air...
- Rakesh Jhunjhunwala will use stock options to lure staff for his airlineThe carrier, which is preparing to start flying in late May, is taking the unusual approach of granting company shares to a bigger pool of ...
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