Akasa Air Plans Massive Fleet Expansion to Support Rapid Growth in Indian Aviation Market
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Akasa Air plans a massive 3-digit aircraft order in the next 75 days to support growth. The airline currently operates 16 domestic routes.
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With strong finances, Akasa expects to have 25 aircraft by end of 2023, and 40 by end of 2024. It aims for a 76 aircraft fleet by mid-2027.
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Akasa started ops in Aug 2022. In 14 months it has captured 4.2% of India's market and is cash positive. It hopes to start international flights by end of 2023.
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An IPO is on the horizon but unlikely before end of decade. CEO wants Akasa to establish itself more firmly in India first.
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India is a fast-growing aviation market. Akasa is poised to leverage this as a new low-cost carrier, with big fleet and network growth plans ahead.