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Akasa Air

About Akasa Air

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What is Akasa Air?

Akasa Air is an upcoming ultra-low-cost Indian airline co-founded by billionaire and stocks trader Rakesh Jhunjhunwala and former Jet Airways CEO Vinay
Dube.
 
Developments
 
In October 2021, Akasa Air received a 'no objection certificate' (NOC) from the Ministry of Civil Aviation. The NOC will be held by SNV Aviation, the holding company for the proposed airline.
The airline is now in the process of receiving the Air Operator Permit (AoP) certificate after aircraft acquisition and other required procedures.
 
Acquiring the NOC is the first stage, which is followed by a security background check after which an AoP is issued. Thereafter, the technical viability of the airline receives a safety clearance.
 
Akasa Air, backed by Indian billionaire Rakesh Jhunjhunwala, will begin flight operations in the next six months after receiving an AOC. The airline plans to operate approximately 70 planes in the next four years.
 
It is planning to launch flights in the summer of 2022 with an endeavour to be the nation’s most dependable, affordable and greenest airline. The airline is in talks with US aerospace giant Boeing for buying up to a hundred 737 Max aircraft.
 
Besides discussions with Boeing for planes, Akasa Air is also in talks with Airbus for potential orders from the Airbus A320 fleet.
 

Management and Investments

Rakesh Jhunjhunwala, known as "India's Warren Buffett" for his successful stock investments, partnered with IndiGo's Aditya Ghosh and Vinay Dube to launch the carrier to tap into demand for domestic air travel.
 
Former CEO of IndiGo Aditya Ghosh is associated with the venture as well and Praveen Iyer has been appointed chief commercial officer. Former Jet Airways executives Belson Coutinho, Adam Voss, Ajit Baghchandani will head marketing, engineering, inflight services respectively.
 
Ankur Goel, former head of IndiGo’s treasury and investor relations, will head Akasa Air as the Chief Financial Officer.
 
While Jhunjhunwala has invested Rs 247.50 crore in the airline, another big name of Dalal street, Madhav Bhatkuly, founder of investment fund New Horizon, has also invested around Rs 6 crore in the company.
 

Latest Updates on Akasa Air

This is the second show cause notice issued by the DGCA to Akasa Air this month

Updated On: 17 Dec 2024 | 10:13 PM IST

Aviation regulator DGCA has issued a show cause notice to Akasa Air for violation of norms related to the airline's operations manual, according to sources.

Updated On: 17 Dec 2024 | 6:03 PM IST

Issues show-cause notice to airline after noticing poor maintenance standards during a spot check at Bengaluru airport

Updated On: 15 Dec 2024 | 11:33 PM IST

The section of Akasa Air pilots wrote to Civil Aviation Minister K Rammohan Naidu and highlighted alleged unfair practices, harassment and safety concerns.

Updated On: 15 Dec 2024 | 11:28 AM IST

The airline had informed the DGCA that without this exemption, its entire flight operations could face a "cascading" impact

Updated On: 10 Dec 2024 | 11:30 PM IST

A codeshare partnership allows one airline to market and sell seats on a flight operated by the other

Updated On: 06 Dec 2024 | 8:35 PM IST

Airline informs regulator flight operations could face 'cascading' impact

Updated On: 04 Dec 2024 | 11:13 PM IST

A hard landing happens when an aircraft touches down at a speed exceeding the manufacturer's recommended limit

Updated On: 28 Nov 2024 | 12:17 PM IST

This growth will boost Indian airlines' share of the Asia-Pacific passenger fleet from the current 8 per cent to 18 per cent by 2043, according to a Cirium report

Updated On: 11 Nov 2024 | 9:16 PM IST

The airline, which has been flying for over two years, had a loss after tax of Rs 744.53 crore in 2022-23, according to data accessed by business intelligence platform Tofler

Updated On: 05 Nov 2024 | 11:54 PM IST

Sources indicated that these pilots, who received training on unqualified simulators, may be required to undergo simulator training again

Updated On: 18 Oct 2024 | 8:41 PM IST

"We acknowledge receipt of an order by the DGCA dated 17 October 2024. We are working closely with the regulator on this matter," an airline spokesperson said

Updated On: 17 Oct 2024 | 11:30 PM IST

Civil Aviation Minister K Rammohan Naidu also said the Mumbai police have arrested a minor responsible for issuing bomb threats targeting three flights

Updated On: 17 Oct 2024 | 12:06 AM IST

Akasa Air and IndiGo flights diverted amid bomb threats; security drills underway at multiple airports as authorities respond to rising aviation threats in India

Updated On: 16 Oct 2024 | 3:52 PM IST

Air India Express to also conduct similar audit; SpiceJet says none of its Boeing 737 NGs impacted

Updated On: 08 Oct 2024 | 11:24 PM IST

On Monday, the Directorate General of Civil Aviation (DGCA) issued an advisory to Indian airlines operating Boeing 737 planes regarding the potential risk

Updated On: 08 Oct 2024 | 7:34 PM IST

Akasa Holidays is a collection of personalised holiday packages designed to suit various types of vacations

Updated On: 04 Oct 2024 | 2:31 PM IST

In 2023, around 37 million international passengers booked direct flights, an increase of 2 million compared to 2019, according to UK-based air consultancy firm OAG

Updated On: 16 Sep 2024 | 9:54 AM IST

Akasa Air, founded in 2021, has reported losses mounting to Rs 2,400 crore in its first two years

Updated On: 26 Aug 2024 | 2:35 PM IST

The raised funds are expected to support Akasa Air's expansion plans and cover pre-delivery payments for new aircraft

Updated On: 22 Aug 2024 | 11:26 AM IST