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

NationalIndia-Pakistan Tension: Delhi CM Rekha Gupta Reviews Emergency Preparedness in Hospitals

NationalIndian Railways Launches Special Trains from Udhampur, Jammu to Delhi Amid Rising Tensions Post Operation Sindoor

NationalDelhi To Conduct Air Raid Siren Test at 3 P.M; Public Advised To Stay Calm

NationalDelhi on High Alert: India Gate Evacuated and Security Tightened Amid Rising India-Pakistan Tensions (Watch Video)

NationalDelhi: Man Injured in Road Accident, Driver Suspected to Be Minor; Case Filed

International Realted Stories

InternationalBangladesh: Police arrest five Awami League leaders, affiliates

InternationalBaloch National Movement launches mobile billboard campaign to condemn arrests and torture of Baloch leaders

International'Operation Sindoor' has raised the cost of supporting terrorism for Pakistan, says Retd Lt. Gen Dua

InternationalPakistan's actions being seen as escalatory, provocative in nature, says Foreign Secretary Misri

InternationalUS Secretary of State dials India, Pakistan counterparts on escalating tensions