Page 5 - Latest Updates on Akasa Air
Akasa Air in the middle of crisis: How bad could the pilot shortage be?
With Indian aviation staring at a potential scramble for pilots, airlines such as Akasa can feel deflated
 "Akasa Air in the middle of crisis: How bad could the pilot shortage be?")
Amid pilot turmoil, Akasa Air mulling raising up to $400 million
The fundraising plan could involve fresh equity issuances of $75-100 million each and is set to be carried out over the next 12-18 months
 "Amid pilot turmoil, Akasa Air mulling raising up to $400 million")
Bombay HC reserves order on plea maintainability in Akasa-pilot matter
The order, which will now be pronounced on 27 September, will decide if the troubled airline can proceed with the case before the Bombay High Court
 "Bombay HC reserves order on plea maintainability in Akasa-pilot matter")
Can't interfere in employment pact between Akasa, pilots: DGCA in Delhi HC
The bench of Justice Manmeet Pritam Arora recently kept the order reserved and asked the concerned parties to file their written synopsis
TMS Ep527: Akasa Air trouble, Twitter paywall, markets, household savings
What's weighing down Akasa Air? Will you pay for Twitter? What next after JPMorgan index inclusion? What do household net financial savings mean? All answers here
 "TMS Ep527: Akasa Air trouble, Twitter paywall, markets, household savings")
No proof of flight cancellations due to Akasa pilot exits: DGCA to HC
Akasa had told the court that they have cancelled 24 flights per day and they operate 120 flights per day
Can't interfere in dispute between Akasa Air and its pilots: DGCA
The DGCA "does not have any power or delegated authority to interfere in any employment contract," it said
Not against DGCA or MoCA, want clarity on pilots' notice period: Akasa Air
The airline has faced heat following the abrupt exit of its 43 pilots who did not serve their mandatory notice periods
Resignations have no impact on expansion, more pilots joining: Akasa CEO
Promoted by family of the late investor Rakesh Jhunjhunwala, Akasa is planning to add more aircraft to its fleet and take it to 28 by March 2024 and add 10-12 planes every year for the next few years
 "Resignations have no impact on expansion, more pilots joining: Akasa CEO")
India's struggling carrier Akasa blames regulator 'inaction' as pilots quit
Akasa is suing some of the pilots for alleged contractual violations, and has warned in court that it might have to shut down if the exits continue
Akasa Air approached Bombay HC to save court fees: Pilot's counsel
He argued that the move to choose Bombay HC over Delhi HC is to 'reap the maximum payable amount'
Confident of overcoming crisis: Akasa Air pilots contradict airline
The airline's pilots said they were not worried about the airline shutting shop anytime soon
Former Akasa pilots challenge maintainability of lawsuits filed by airline
The pilots contend that since their employment contracts were signed in Delhi, the case should fall under the jurisdiction of the Delhi High Court
 "Former Akasa pilots challenge maintainability of lawsuits filed by airline")
Akasa Air gets aviation ministry's nod for starting international flights
The airline, which is currently grappling with pilot shortage issues, has a fleet of 20 aircraft and plans to start flying to overseas destinations by year-end
Akasa Air moves court for action against pilots not serving notice period
The fledgling Akasa Air has approached the Delhi High Court seeking a direction to the DGCA to take action against pilots who left the airline without serving the mandatory notice period
Akasa's future: CEO Dube seeks to douse fire lit by lawyers' closure claims
Airline gets nod to fly internationally; eyes South, SE, West Asian destinations
 "Akasa's future: CEO Dube seeks to douse fire lit by lawyers' closure claims")
Akasa flying less after some pilots quit abruptly: CEO Vinay Dube
The company has initiated legal action against the pilots that have quit without serving their mandatory contractual notice period, Dube said
Aviation ministry permits Akasa Air to launch international flights
The young airline, which is facing pilot exits, is yet to announce its first international destination
In crisis, may shut down: Akasa Air SOS to Delhi HC after pilots' exit
Forced to cancel 24 flights a day, says airline
Akasa Air files court case against 40 pilots for not serving notice period
In the preceding month, Akasa Air witnessed a sequential doubling in flight cancellations as a direct consequence of these untimely exits
