Akasa targets place among op 30 airlines by 2030: CEO Dube
AVIATION & AIRPORTS

Akasa targets place among op 30 airlines by 2030: CEO Dube

In a message celebrating Akasa Air?s second anniversary, Vinay Dube , Co-founder and CEO outlined the airline?s ambitious goal to be among the top 30 global airlines by the end of the decade. Since launching two years ago, Akasa has expanded to 22 domestic and five international destinations, carrying over 11 million passengers and operating more than 900 weekly flights.

Initially backed by approximately $35 million from billionaire investor Rakesh Jhunjhunwala and other investors, Akasa Air has achieved significant milestones. The airline now holds a 5% market share, surpassing SpiceJet, and has added 24 aircraft to its fleet?the fastest growth in market share and fleet size for any Indian airline since the sector opened to private players in the early 90s.

Dube highlighted that the airline had placed an initial order for 72 Boeing 737 Max aircraft, with an additional 4 added later, and a subsequent order for 150 more earlier this year. "Our landmark order this year positions us for rapid growth," Dube said. "We are the only Indian airline to achieve such a significant order book within 17 months of operation, reflecting our robust financial foundation."

Despite a slowdown in Boeing's aircraft production due to increased regulatory scrutiny following a January incident with an Alaska Airlines 737 Max 9 (a variant Akasa does not operate), Akasa has not received any new planes since February. Nevertheless, Dube assured that the airline's financial performance remains ahead of its business plan. ?We are well-capitalised with a strong financial foundation, and the future looks brighter than ever," he concluded.

(ET)

In a message celebrating Akasa Air?s second anniversary, Vinay Dube , Co-founder and CEO outlined the airline?s ambitious goal to be among the top 30 global airlines by the end of the decade. Since launching two years ago, Akasa has expanded to 22 domestic and five international destinations, carrying over 11 million passengers and operating more than 900 weekly flights. Initially backed by approximately $35 million from billionaire investor Rakesh Jhunjhunwala and other investors, Akasa Air has achieved significant milestones. The airline now holds a 5% market share, surpassing SpiceJet, and has added 24 aircraft to its fleet?the fastest growth in market share and fleet size for any Indian airline since the sector opened to private players in the early 90s. Dube highlighted that the airline had placed an initial order for 72 Boeing 737 Max aircraft, with an additional 4 added later, and a subsequent order for 150 more earlier this year. Our landmark order this year positions us for rapid growth, Dube said. We are the only Indian airline to achieve such a significant order book within 17 months of operation, reflecting our robust financial foundation. Despite a slowdown in Boeing's aircraft production due to increased regulatory scrutiny following a January incident with an Alaska Airlines 737 Max 9 (a variant Akasa does not operate), Akasa has not received any new planes since February. Nevertheless, Dube assured that the airline's financial performance remains ahead of its business plan. ?We are well-capitalised with a strong financial foundation, and the future looks brighter than ever, he concluded. (ET)

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code