+
Akasa Air plans to list by end of the decade
AVIATION & AIRPORTS

Akasa Air plans to list by end of the decade

Akasa Air, India's newest airline, is gearing up for international routes and intends to make a substantial aircraft order, with plans to go public on the stock market by the close of the decade, as revealed by its CEO, Vinay Dube, in a statement to PTI.

With just over a year in operation, Akasa Air currently manages a network of over 750 weekly flights connecting 16 domestic destinations, including major cities like Mumbai, Ahmedabad, Bengaluru, and Delhi. According to Dube, the airline is focused on "building a bit more track record" before launching its initial public offering (IPO).

The airline is scheduled to kick off international services by the end of the fiscal year and has already placed a confirmed order for 76 Boeing 737 MAX aircraft, which are slated to join its fleet by mid-2027. Presently, Akasa Air operates a fleet of 20 aircraft and is actively exploring the possibility of acquiring a triple-digit number of aircraft by the conclusion of 2023. Dube, who is the founder and CEO, emphasized that the airline is currently generating positive cash flow from its operations and is well-prepared for the upcoming aircraft procurement.

Akasa Air, India's newest airline, is gearing up for international routes and intends to make a substantial aircraft order, with plans to go public on the stock market by the close of the decade, as revealed by its CEO, Vinay Dube, in a statement to PTI. With just over a year in operation, Akasa Air currently manages a network of over 750 weekly flights connecting 16 domestic destinations, including major cities like Mumbai, Ahmedabad, Bengaluru, and Delhi. According to Dube, the airline is focused on building a bit more track record before launching its initial public offering (IPO). The airline is scheduled to kick off international services by the end of the fiscal year and has already placed a confirmed order for 76 Boeing 737 MAX aircraft, which are slated to join its fleet by mid-2027. Presently, Akasa Air operates a fleet of 20 aircraft and is actively exploring the possibility of acquiring a triple-digit number of aircraft by the conclusion of 2023. Dube, who is the founder and CEO, emphasized that the airline is currently generating positive cash flow from its operations and is well-prepared for the upcoming aircraft procurement.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Infrastructure Opportunity Outlook by IMPACCT.Info

India’s infrastructure pipeline is witnessing dynamic activity across stages — from immediate bidding to future planning. IMPACCT segments these into three categories: Immediate, 3–6 Month, and Future Opportunities, enabling businesses to identify, prepare, and participate in high-value tenders and projects across sectors.To read full article Click Here ..

Next Story
Real Estate

Glass, Reframed!

Glass façades, quintessential aesthetic building envelopes globally, have been widely adopted in India as well. But when the focus is high-performance building systems that deliver energy efficiency, comfort and architectural identity, glass isn’t the only preference. Combination solutions, involving glass and some other material, improve façade outcomes. Some combinations come at comparable prices, some at a higher price. Here is a selection of performance-oriented solutions...To read the full story Click Here ..

Next Story
Infrastructure Urban

Beyond Building Faster

India’s cities are expanding at an unprecedented pace, bringing new infrastructure and development opportunities while also intensifying challenges around mobility, public spaces, liveability and supporting infrastructure. The question, therefore, is not simply whether India can build faster, but whether it can build cities that work better.At a CW webinar, Are We Designing Better Cities – or Just Building Faster?, moderator Ar. Samir Shaikh, Founding Principal, AR&UD Studio, brought together perspectives from design, development, master planning and technology...To read the full artic..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code