Akasa Air well-capitalised, set to expand with new destinations: CEO

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Akasa Air well-capitalised, set to expand with new destinations: CEO - YourStory

Quick Summary:

The nearly two-and-a-half-year-old Rakesh Jhunjhunwala family-backed Akasa Air currently has a fleet of 27 Boeing 737 Max planes and commanded a 4.6% market share in CY2024.

Akasa Air chief also said that the airline is well on track, if not ahead, of its financial plans as far as a path to profitability is concerned but did not share any timeline as to when the airline was expecting to be profitable.

While between June-December 2022, the airline inducted 14 planes in the fleet and another 8 in 2023, the number of deliveries came down drastically to just 4 planes last year, owing to supply-chain issues.