Akasa Airline

The consortium of investors includes the investment arm of Azim Premji, Claypond Capital – the investment office of Dr Ranjan Pai, as well as funds managed by 360 ONE Asset.

Akasa Air plans to expand in the Middle East with direct flights to Riyadh and Jeddah

Regarding the financial situation, Dube mentioned that as a Private Limited company, they cannot provide guidance on revenue which is one of the advantages they have. However, Akasa has a very strong cash position and have established a robust foundation on their business model and cash, he added

Akasa Air to offer airport lounge services at select airports

The airline has partnered with DreamFolks Services, an airport lounges access aggregator, to offer their customers access to lounges for a fee when booking their ticket. Flyers can get lounge access up to 12 hours before departure, the airline said in its press release.

Akasa’s early success a warning to the big boys of Indian skies

India's aviation market potential makes it an attractive destination for newcomers seeking to grab market share 

As Akasa Air product strategy takes a hit, its network blueprint looks clearer

The airline has based the bulk of its operations in Bengaluru where it is set to edge out Vistara from the second position in departure count. However, owing to supply chain issues, Akasa is inducting aircraft with different seating which may hit its ability to freely swap planes.

Rakesh Jhunjhunwala-backed Akasa Air is on a hiring spree: Check details

Akasa Air, whose airline code is QP, received its first 737 MAX on June 21, 2022

First look: Akasa Air unveils pictures of its aircraft

Akasa Air, backed by ace investor Rakesh Jhunjhunwala, unveiled first glimpse of its aircraft on May 23. It is India’s upcoming ultra-low-cost airline with greenest and youngest fleet.

Akasa Air to start commercial operations in July; focus on tier-2 connectivity

Akasa Air has placed orders for 72 Boeing 737 Max planes and also expects to receive the first aircraft delivery by early June. The airline has 150 pilots and 120 flight attendants on board.

Rakesh Jhunjhunwala’s role models and what he learnt from them

Forbes termed Rakesh Jhunjhunwala "investor with a Midas touch."

Akasa set for take-off, inks deal with Boeing for 72 aircraft

Akasa said the carrier plans to offer commercial flights starting in the summer of 2022 and use its new fleet of 737s to meet the growing demand across India.

Can Akasa learn from the mistakes of airline pioneers in India?

Akasa has a solid team and has large investors backing it. However, aviation is not an easy business. History is replete with crashes of many Indian airlines with similar pedigree and ambition 

DGCA may decide on Boeing 737 Max airworthiness in 2-3 months

Lifting the ban would benefit SpiceJet, which has ordered over 140 such aircraft, and Jet Airways, which is looking to fly again

Rakesh Jhunjhunwala’s airline Akasa will have to differentiate. You can’t be an IndiGo to beat IndiGo

Akasa can nibble the market share from Spicejet and GoFirst, but fleet decision will be critical.

Rakesh Jhunjhunwala plans 70 planes for new airline, expects Aviation Ministry's NOC in 15 days

Nearly 40 percent of stake in the new airline, to be named Akasa Air, is expected to be owned by Rakesh Jhunjhunwala. He is considering to invest $35 million in the venture, despite the aviation sector entering into a period of gloom since the onset of the COVID-19 pandemic.