City
Epaper

Akasa Air's financial muscle: Can induct 72 aircrafts over next 5 yrs

By IANS | Updated: August 17, 2022 17:50 IST

Chennai, Aug 17 India's new private airline Akasa Air founded by late broker-investor Rakesh Jhunjhunwala on Wednesday said ...

Open in App

Chennai, Aug 17 India's new private airline Akasa Air founded by late broker-investor Rakesh Jhunjhunwala on Wednesday said that it has financial means to induct 72 aircraft over the next five years.

The company added that it has received its third aircraft in Delhi which will be put into operation on the Mumbai-Bengaluru sector shortly.

"We will continue to grow our fleet by adding one new aircraft every two weeks," Vinay Dube, Founder and CEO said in a statement.

"Thanks in no small part to Jhunjhunwala, for which we will always be grateful, Akasa Air is a well-capitalised airline with the financial means to induct 72 aircraft over the next five years," he added.

"In fact, our financial platform is strong enough to allow Akasa to place an aircraft order in the next 18 months that will be significantly larger than our first. In simple terms, our growth is secure," he said.

According to Dube, Akasa Air will honour Jhunjhunwala's legacy, values and belief in us by striving to run an extraordinary airline.

Meanwhile, a questionnaire sent to Akasa Air several days back on its finances, business plan, fleet and route expansion, financing model for the aircrafts, marketing strategy, among others, remained unanswered.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: Air forcedelhichennaiRakesh Jhunjhunwala`delhiDelhi capitalSouth delhi district administrationIto delhiGhaziabad district administrationDelhi nct
Open in App

Related Stories

NationalDelhi: Massive Fire Breaks Out in Sadar Bazaar Shop; 15 Fire Tenders Rushed to Spot (Watch Video)

NationalDelhi Building Collapse: Four-Storey Building Collapses in Seelampur; 4 Rescued, Several Feared Trapped

NationalKanwar Yatra Begins: Devotees Set Out from Delhi’s Shastri Park, Arrangements Underway (Watch Video)

NationalDelhi Building Collapse: One Dead as Dilapidated Structure Crashes Down at 2 AM in Azad Market

NationalMonsoon Mayhem in Delhi: Torrential Rains Flood Streets, Force Residents to Flee Homes

International Realted Stories

InternationalIsraeli strike kills one in south Lebanon amid ceasefire tensions

InternationalRussian astronomers observe 17 solar flares coinciding with global heat waves

InternationalGermany calls on the European Union to negotiate with Washington "pragmatically" over tariffs

InternationalEAM S. Jaishankar to Visit Singapore and China from July 13–15; To Attend SCO Foreign Ministers’ Meet

InternationalUN warns of humanitarian crisis as Afghan migrants return from Iran, Pakistan