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

Hindalco Baphlimali Mine Secures ASI Certification

Hindalco Industries has announced that Utkal Alumina International Limited’s Baphlimali Bauxite Mine in Rayagada district, Odisha, has achieved Aluminium Stewardship Initiative (ASI) Performance Standard V3.1 certification.With this achievement, Baphlimali has become the first bauxite mining operation in India to secure ASI Performance Standard V3.1 certification.The certification covers planning, mining, onsite crushing and conveyor transportation of bauxite from the mine, which has an annual production capacity of 8.5 million tonnes. The mine supplies bauxite to Utkal Alumina’s refinery ..

Next Story
Infrastructure Urban

Hindustan Zinc Builds Young Leadership Pipeline

Hindustan Zinc is strengthening its next-generation leadership pipeline, with 10% of the company’s leaders now under the age of 35.The company said more than 62% of its workforce is under 35, while its gender diversity ratio stands at 26.3%. Young professionals are taking on roles across mining, manufacturing, technology, sustainability and business leadership.Over the past two fiscal years, Hindustan Zinc has hired nearly 700 young professionals. This includes 335 campus recruits in FY26 through its VLDP, GET, PGET and MT programmes from leading institutions across India.Amarendu Prakash, C..

Next Story
Infrastructure Urban

Vedanta Metal Bazaar Expands to International Markets

Vedanta Aluminium Metal Limited has expanded its flagship digital e-commerce platform, Vedanta Metal Bazaar (VMB), to international markets, enabling overseas customers to order and buy aluminium products online.The platform will now serve customers across Asia, Europe, Africa and the Americas. International buyers will gain access to more than 1,000 aluminium product variants along with simplified price booking, live LME-linked hedging and digital transaction management.Vedanta Metal Bazaar processed transactions worth nearly $4.1 billion, or over Rs 38,000 crore, in FY26 and fulfilled more t..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement