IN LESS THAN a year of its maiden flight and with the induction of the 20th aircraft into its fleet on Tuesday, Akasa Air is one step closer to its ambitious plan of starting international operations - something it plans to commence by the end of this year.
Akasa Air's first flight took off from Mumbai to Ahmedabad on August 7, 2022, and was launched by the airline's late founder and billionaire investor Rakesh Jhunjhunwala at his last public event. Jhunjhunwala reportedly invested ₹247.5 crore for a 46% stake in the airline.
In a statement, Vinay Dube, founder and chief executive officer, Akasa Air, said, "Akasa Air is merely an expression of what India is capable of achieving. Today's landmark addition to our fleet heralds the international chapter of growth in Akasa's story and makes us extremely optimistic about our future."
Regulations in India require airlines to have at least 20 aircraft in their fleet to become eligible for international operations. Akasa had earlier spoken about its intentions of launching flights to West Asia, Southeast Asia and neighbouring destinations such as Nepal, Bangladesh and Sri Lanka.
This story is from the August 02, 2023 edition of Financial Express Mumbai.
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This story is from the August 02, 2023 edition of Financial Express Mumbai.
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