🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥

Startup Showcase

Premium Content

Try our Valuation Calculator →

News on Medial

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.

Related News

Indian carrier Akasa flying less after some pilots quit abruptly - memo

Reuters · 1y ago

Indian carrier Akasa flying less after some pilots quit abruptly - memo

Indian budget carrier Akasa Air is reducing its flying operations and sacrificing market share temporarily to ensure a reliable operation after several pilots quit the airline unexpectedly. The pilots' abrupt departure caused disruptions in flights between July and September, resulting in last-minute cancellations. Akasa's market share dropped to 4.2% in August from 5.2% the previous month. The company plans to take legal action against the pilots who left without serving their contractual notice period. Akasa has received regulatory approval to fly to international destinations and will commence operations by the end of the year.

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

Livemint

Livemint · 8m 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 Air plans to raise up to $400 mn

Livemint

Livemint · 1y ago

Akasa Air plans to raise up to $400 mn

Akasa Air, India's newest airline, is considering a fundraising plan to raise as much as $400 million, valuing the company at $1 billion. The proposed funding may lead to a dilution of the stake held by the family of late billionaire investor Rakesh Jhunjhunwala. UBS Group has been appointed to manage the fundraising, which is expected to take place over the next 12-18 months. The capital raised will likely be utilized to expand Akasa Air's fleet, improve compensation packages for pilots, and enhance in-flight services.

India’s Akasa Air eyes flights to Asia’s tourist hotspots | Mint

Livemint

Livemint · 1y ago

India’s Akasa Air eyes flights to Asia’s tourist hotspots | Mint

India's budget airline, Akasa Air, plans to expand its destinations across Southeast Asia and the Indian subcontinent to cater to the growing demand for overseas air travel in India. The Mumbai-based carrier is eyeing routes to Kathmandu, Nepal, Dhaka, Bangladesh, as well as popular tourist destinations like Thailand, Vietnam, Malaysia, and Indonesia. The expansion reflects the increasing wealth of Indians and eased visa restrictions. Despite intensifying competition from domestic and foreign carriers, Akasa Air has managed to secure a 4.7% market share by offering niche offerings such as allowing pets on board.

DGCA penalises Air India for flying with non-qualified pilots

YourStory

YourStory · 1y ago

DGCA penalises Air India for flying with non-qualified pilots

Air India, owned by the Tata Group, has been fined Rs 90 lakh ($121,000) by the Directorate General of Civil Aviation (DGCA) over the operation of a flight with non-qualified pilots. The DGCA also imposed fines of Rs 6 lakh ($8,100) and Rs 3 lakh ($4,050) on Air India's Director of Operations and Director of Training respectively. The regulator described the incident as a "serious scheduling incident having significant safety ramifications". Air India had voluntarily reported the incident on 10 July.

IBS Software eyes more biz opportunities in Indian airlines industry

Economic Times

Economic Times · 5m ago

IBS Software eyes more biz opportunities in Indian airlines industry

IBS Software, a leading SaaS solutions provider in the travel industry, plans to explore more business opportunities in India's airlines and loyalty programmes segments. The company's Executive Chairman, V K Mathews, highlights India's growth potential, despite its price-sensitive market. IBS Software, serving various global clients, aims to work with airlines like IndiGo and Akasa Air. Mathews notes the shift in India from seeing IT as a cost to recognizing its value, marking a changing trend.

Corporate Affairs Ministry To Review CCI’s Performance Amid Delay In Antitrust Probes

Inc42 · 1y ago

Corporate Affairs Ministry To Review CCI’s Performance Amid Delay In Antitrust Probes

The Ministry of Corporate Affairs (MCA) in India will conduct a review of the Competition Commission of India's (CCI) performance later this month. The meeting will address the status of regulations to be notified for recent amendments in competition law and concerns about delayed antitrust probes. The CCI has pending cases against industry giants such as Google, Meta, Amazon, Flipkart, Zomato, and Swiggy, and there has been growing frustration regarding the watchdog's inaction. Indian startups and industry stakeholders have welcomed the MCA's decision to review the CCI's performance.

Embassy REIT chief steps down after SEBI order

VCCircle

VCCircle · 9m ago

Embassy REIT chief steps down after SEBI order

Aravind Maiya has stepped down as CEO of Embassy REIT, India's largest real estate investment trust, following an order from the country's markets regulator, SEBI. The regulator determined that Maiya was not fit to hold the position after the National Financial Reporting Authority found serious lapses in his role as the engagement partner for the statutory auditors of Coffee Day Enterprises. SEBI has directed the appointment of an interim CEO with immediate effect. Embassy REIT is India's first publicly listed REIT and has a 51.1 million square feet portfolio.

Boeing Max deliveries are going to taper off. What about Akasa and AI Express?

Livemint

Livemint · 1y ago

Boeing Max deliveries are going to taper off. What about Akasa and AI Express?

Boeing's reduced production and Pratt & Whitney's inspection of engines on Airbus neos may result in a significant decrease in aircraft deliveries to Indian airlines next year. This development could affect the expansion plans of airlines such as Air India Express and Akasa Air, while the leading market player IndiGo awaits delivery of new Airbus 320 neo planes with inspected P&W engines. The delay in aircraft deliveries, coupled with bankruptcies and groundings in the industry, may setback India's aviation sector and potentially lead to higher airfares, impacting passenger growth and domestic tourism.

ISRO's Gaganyaan human spaceflight mission set for first quarter of 2027

Business Today

Business Today · 3m ago

ISRO's Gaganyaan human spaceflight mission set for first quarter of 2027

India's first human spaceflight under the Gaganyaan programme is scheduled for the first quarter of 2027, as announced by Union Minister Jitendra Singh. Earlier successful test missions have paved the way for upcoming phases, with the second Test Vehicle mission and uncrewed orbital flights planned. Key components like the human-rated LVM3 launch vehicle and crew modules are in the final testing phase. Indian Air Force pilots trained in Russia are preparing further in India.

Trackers

Active Indian VC’s

OG Capital Email

With a hands-on approach, OG Capital aims to invest in over 20 promising...

Accel Partners Email

Early and growth-stage investments in disruptive technology companies with...

Early-stage venture capital firm investing in technology startups in India. Focus on...

Access All Trackers

Startup Showcase Winners

June 2025

Helping your parents when you are miles away

The Pit Stop Your Cravings Deserve

The next generation E-commerce platform

Enter Ongoing Startup Showcase

Top Users

Trending News on Medial

Download the medial app to read full posts, comements and news.