Vinay Dube, the co-founder and Chief Executive Officer of Akasa Airlines remarked that the airline is financially viable enough to hire 72 aircraft over the next five years while mourning the loss of Akasa’s co-founder, Rakesh Juhunjhunwala. As per reports, the airline has plans to add a new aircraft every two weeks after the third plane was received by the budget carrier. The commercial operations of Akasa commenced on the 7th of August with a maiden flight from Mumbai to Ahmedabad. The CEO, Vinay Dube further added that they have a strong financial backup to place an order for an aircraft in the upcoming 18 months.
The Low-Cost Carrier airline Akasa which placed an order for 72 Boeing 737-MAX aircraft is gearing up to compete with the existing LCC market giants in the aviation market such as Indigo, GoFirst, and SpiceJet. As per the government data post-pandemic domestic market has made a quick recovery with airlines flying more than 57 million passengers in the first quarter 238% up from last year.