Akasa’s ambitions face risk as Boeing’s delays create turbulence, leave pilots idleAkasa Air, India's newest airline, is struggling due to delays in Boeing 737 MAX deliveries. With 226 planes on order, the airline faces op...
20 Mar, 2025, 12.10 PM IST
Premji Invest, Ranjan Pai family office seek CCI nod to acquire stakes in Akasa AirTech tycoon Azim Premji's global investment arm and the Manipal Group Chief Ranjan Pai's family office have sought CCI approval to acquire ...
20 Feb, 2025, 10.09 PM IST
Premji Invest, Ranjan Pai invests in Akasa AirAkasa Air has secured around $135 million from Premji Invest, Claypond Capital, and 360 ONE Asset for expansion, with the Jhunjhunwala fami...
07 Feb, 2025, 12.00 AM IST
DGCA orders suspension of 2 Akasa directors for lapses in pilots trainingThe two senior executives of the airline, in which the Rakesh Jhunjhunwala family holds stakes, have "failed" to ensure "compliances" with ...
27 Dec, 2024, 07.52 PM IST
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...
13 Dec, 2024, 03.01 PM IST
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...
13 Dec, 2024, 06.34 AM IST
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...
22 Aug, 2024, 02.57 PM IST
Azim Premji & Ranjan Pai's consortium looks to board Akasa Air with $125 million investmentPremji Invest and Claypond Capital are in discussions to invest approximately $125 million for a significant minority stake in Akasa Air, v...
22 Aug, 2024, 12.37 PM IST
Premji Invest, Ranjan Pai look to invest $125 million in Akasa AirPremji Invest and Claypond Capital discussed a $125 million investment for a minority stake in Akasa Air, valuing the airline at over $350 ...
22 Aug, 2024, 09.24 AM IST
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...
20 Feb, 2024, 08.44 PM IST
Akasa gets nod for Saudi, Kuwait & Qatar routes, will have to wait for DubaiAkasa must apply to be designated as an official Indian airline and seek approval from the respective countries before applying for airport...
11 Oct, 2023, 10.41 AM IST
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...
23 Jun, 2023, 03.54 PM IST
Akasa Air eyes $75-100 mn via fresh equity, move to dilute Jhunjhunwala family’s 46% stakeAkasa Air wants to use the fund to make pre-delivery payments for its order of 72 Boeing 737 Max jets, for which 19 have already been deliv...
15 Jun, 2023, 01.35 PM IST
Akasa Air all set to add one aircraft every two weeks; says it's well-capitalisedAirline sources said that it will continue to induct the already ordered 72 aircraft over the next five years. They also said that they wil...
17 Aug, 2022, 05.26 PM IST
Akasa Air will honour legacy, values, beliefs of Jhunjhunwala: Dubes condolence messages pour in following the demise of Jhunjhunwala, known as the 'Big Bull' and 'Warren Buffett of India' for his investmen...
14 Aug, 2022, 03.48 PM IST
Tata-owned Air India to be formidable competition: IndiGo’s Ronojoy Dutta“I see them as formidable competition but I welcome them. It is a sensible thing. I think they (Tata-owned AI) will become more economicall...
14 Oct, 2021, 11.05 AM IST
IndiGo sees Tata as 'formidable competition' after Air India deal"I see them as formidable competition but I welcome them. It is a sensible thing," IndiGo CEO Ronojoy Dutta told a CAPA Centre for Aviation...
13 Oct, 2021, 01.43 PM IST