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Aviation market big enough for Akasa Air to succeed, says CEO Vinay Dube

YourStory

YourStory · 1y ago

Aviation market big enough for Akasa Air to succeed, says CEO Vinay Dube

Akasa Air, a growing Indian airline, believes that the aviation market is large enough for them to succeed and does not view competition as either encouraging or discouraging. The airline currently operates a fleet of 24 Boeing 737 MAX planes, conducting over 900 flights per week. While prioritizing service excellence and cost leadership, Akasa Air is also looking to expand its network and international operations. Ancillary services, such as allowing pets on board, are a focus area for the airline. Akasa Air has over 4,000 employees and plans to expand its fleet with over 200 aircraft in the next eight years.

Related News

How Akasa Air’s Vinay Dube is taking on the IndiGo-Air India duopoly

Livemint

Livemint · 10m ago

How Akasa Air’s Vinay Dube is taking on the IndiGo-Air India duopoly

Akasa Air, a new airline in India, is facing numerous challenges as it attempts to establish itself in a market dominated by IndiGo and Air India. The airline, founded by former Jet Airways CEO Vinay Dube, operates a fleet of Boeing 737 Max aircraft, which have faced recurring problems since their inception. Despite these challenges, Dube remains optimistic about the airline's future and aims to turn a profit within the next three years. However, industry analysts caution that the sale and leaseback model, which helped IndiGo become profitable, may not work for Akasa given the current market dynamics.

Premji Invest, Ranjan Pai look to invest $125 million in Akasa Air

Economic Times

Economic Times · 11m ago

Premji Invest, Ranjan Pai look to invest $125 million in Akasa Air

Premji Invest and Claypond Capital, the family offices of Azim Premji and Ranjan Pai, are in talks to invest $125 million for a minority stake in Indian airline Akasa Air. The funding would give Akasa a valuation of over $350 million, more than four times its initial investment. The investment will be used for expansion and making pre-delivery payments for aircraft. The Jhunjhunwala family and CEO Vinay Dube's stake in the company will be diluted. Premji Invest and Claypond are interested in well-run, consumer-facing startups with a large market.

Section of Akasa Air pilots flags concerns over unfair practices; airline terms allegations untrue

Livemint

Livemint · 8m ago

Section of Akasa Air pilots flags concerns over unfair practices; airline terms allegations untrue

A group of pilots from Akasa Air has raised concerns about training and safety issues at the airline and has sought intervention from the civil aviation ministry. The pilots claim that 84 pilots have resigned with one-day notice due to alleged mismanagement. However, Akasa Air denies these allegations and states that the claims are baseless and untrue. The airline also highlights that their employee survey consistently shows high levels of job satisfaction among pilots. Previously, the Directorate General of Civil Aviation (DGCA) had fined Akasa Air ₹30 lakh for lapses in crew training.

DGCA issues show cause notice to Akasa Air on violation related to operations manual

Livemint

Livemint · 7m ago

DGCA issues show cause notice to Akasa Air on violation related to operations manual

The Directorate General of Civil Aviation (DGCA) has issued a show cause notice to Akasa Air, a new airline in India, for violating norms related to its operations manual. The regulator found that the airline's operations manual exceeded the required six-month revision cycle. Additionally, the notice mentioned the airline's failure to comply with Civil Aviation Rules. This comes after a show cause notice was also issued to an Akasa Air engineer for poor maintenance standards. Some pilots have also raised concerns about safety and training practices, calling for an independent investigation into the airline's management. Akasa Air has dismissed the allegations as baseless.

Akasa gets nod to fly overseas

Livemint

Livemint · 1y ago

Akasa gets nod to fly overseas

The Directorate General of Civil Aviation (DGCA) will assess the availability of bilateral air traffic rights with foreign countries after granting approval to Akasa Air, India's youngest airline. Akasa Air is eligible to apply for international scheduled air transport services, but a scrutiny of country-specific preparedness will be conducted by DGCA before allowing international operations. Indian airlines have shown interest in expanding internationally, and Akasa Air plans to fly to destinations in South Asia, Southeast Asia, and the Middle East. They are aiming to announce a three-digit aircraft order by the end of the year.

DGCA issues show cause notice to Akasa Air over multiple regulatory breaches | Mint

Livemint

Livemint · 11m ago

DGCA issues show cause notice to Akasa Air over multiple regulatory breaches | Mint

Indian airline operator Akasa Air has received a show cause notice from the Directorate General of Civil Aviation (DGCA) for multiple regulatory breaches. The airline, which began international operations in March 2024, was found to be non-compliant with civil aviation regulations and failed to carry a route guide as mandated by Rule 140C of the Aircraft Rules. The DGCA's audit also revealed that Akasa Air conducted practical training sessions without necessary approvals. The airline has been given seven days to respond to the allegations.

DGCA orders suspension of two Akasa Air directors over ’failure to ensure compliance’ in pilots’ training | Company Business News

Livemint

Livemint · 7m ago

DGCA orders suspension of two Akasa Air directors over ’failure to ensure compliance’ in pilots’ training | Company Business News

The Directorate General of Civil Aviation (DGCA) has suspended two Akasa Air directors for six months due to lapses in pilot training compliance. The suspension follows previous fines imposed on the airline for failing to compensate passengers on time after denied boarding at Bangalore airport. The DGCA penalized the airline for not adhering to norms, amid broader scrutiny over alleged violations. Akasa Air pledges to cooperate with regulatory authorities to improve safety protocols.

Akasa Air appoints marketing veteran Belson Coutinho as Chief Operating Officer

YourStory

YourStory · 7m ago

Akasa Air appoints marketing veteran Belson Coutinho as Chief Operating Officer

Akasa Air has appointed Belson Coutinho as Chief Operating Officer from January. Coutinho will oversee areas like in-flight services and maintenance. Previously, he was the airline's Chief Marketing and Experience Officer. His appointment occurs amid regulatory scrutiny of Akasa Air for safety violations and recent DGCA actions against its executives for training lapses. Coutinho, with over two decades in aviation, is expected to add significant value due to his operational and leadership expertise.

India's struggling carrier Akasa blames regulator "inaction" as pilots quit

Reuters · 1y ago

India's struggling carrier Akasa blames regulator "inaction" as pilots quit

Indian budget carrier Akasa Air has accused the aviation regulator of causing significant financial and operational hardships by not intervening to stop pilots from abruptly quitting, leading to flight cancellations. Over 40 pilots have recently resigned, causing around 18% of flights to be canceled in August. Akasa is suing the pilots for contractual violations and has warned of potential closure if the situation continues. The airline argues that the regulator should intervene in the public interest. The Directorate General of Civil Aviation (DGCA) will respond in court to Akasa's plea.

Akasa Air fined ₹10 lakh by DGCA | Company Business News

Livemint

Livemint · 7m ago

Akasa Air fined ₹10 lakh by DGCA | Company Business News

The Directorate General of Civil Aviation (DGCA) has imposed a fine of ₹10 lakh on Akasa Air for refusing boarding to seven passengers on a flight from Bengaluru to Pune. The airline failed to comply with regulatory provisions and did not provide compensation to the affected passengers. This comes after the DGCA served two showcause notices to Akasa Air for poor maintenance standards and not revising the operations manual. The airline has been facing issues with its pilots, with some accusing the airline of malpractice and safety concerns.

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