New Delhi – Akasa Air (QP), a burgeoning player in the aviation industry, is poised for international expansion after receiving government approval to operate flights to Riyadh, Jeddah, Doha, and Kuwait. The airline’s CEO, Vinay Dube, shared that they are in a “very exciting phase,” with strong financials and plans for substantial aircraft orders.
International Expansion: Akasa Air, having completed its first year of operations in August, is set to launch international services. The airline has secured traffic rights for key destinations in the Middle East, including Riyadh, Jeddah, Doha, and Kuwait. While the approval process is underway, the airline is optimistic about starting international operations soon.
Triple-Digit Aircraft Order: Akasa Air has plans to announce a triple-digit aircraft order within 75 days or by the end of the year. This ambitious move reflects their growth trajectory and confidence in the market.
Complex Approval Process: While the Indian government’s approval process is efficient, international operations require collaboration with multiple foreign governments. As a result, the timeline for the first international flight is yet to be finalized.
Strong Financial Position: Vinay Dube emphasized that Akasa Air is in a “growth mode” and enjoys robust financial health. The airline is well-capitalized, and the founding family, including investor Rakesh Jhunjhunwala, remains committed to their long-term investment in the company.
Overcoming Challenges: Akasa Air recently faced pilot-related challenges, resulting in some pilots leaving without serving notice periods. However, Dube noted that the airline has moved past these challenges and is now focused on its growth trajectory.
Impressive Domestic Presence: As of now, Akasa Air operates around 700 weekly flights and serves 16 cities. In September, the airline carried 5.17 lakh passengers and held a 4.2% domestic market share.
Sizable Fleet Expansion: With a fleet of 20 Boeing 737 MAX aircraft, Akasa Air anticipates adding two more planes by the end of the year. This expansion aligns with their growth plans.
Future Growth in Indian Aviation: India’s civil aviation market is among the fastest-growing globally. Domestic airlines are placing significant orders to cater to the growing demand for air travel.
Investment in Boeing Aircraft: Akasa Air previously ordered four additional Boeing 737-8 jets, adding to their existing order for 72 aircraft. By mid-2027, the airline will have a fleet of 76 aircraft, comprising 23 Boeing 737-8s and 53 Boeing 737-8-200s.
Conclusion: Akasa Air’s expansion into international routes and plans for a substantial aircraft order reflect the airline’s commitment to growth and its position in India’s dynamic aviation industry.
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