Akasa Air

Akasa Air
IATA ICAO Call sign
QP[1] AKJ AKASA AIR
FoundedDecember 2021; 2 years ago (2021-12)
Commenced operations7 August 2022; 2 years ago (2022-08-07)
Operating bases
Fleet size26
Destinations27[3]
HeadquartersMumbai, Maharashtra, India[4]
Founders
RevenueIncrease 3,069.58 crore (US$370 million) (FY 2023-24)[6]
ProfitDecrease −1,670 crore (US$−200 million) (FY 2023-24)
Websitewww.akasaair.com

SNV Aviation Private Limited (d/b/a Akasa Air),[7] is an Indian low-cost airline headquartered in Mumbai, Maharashtra, India.[8] It was founded by Vinay Dube and Aditya Ghosh with investor Rakesh Jhunjhunwala holding a 46% stake in the airline.[9][10]

The airline began commercial operation with its first flight service from Mumbai to Ahmedabad on 7 August 2022, after receiving its first Boeing 737 MAX 8 aircraft.[11] The CEO of the airline, Vinay Dube, stated that the airline will have a fleet size of approximately 72 aircraft within 5 years.[12] He stated that the airline will initially have services from metro cities to tier-2 and tier-3 cities, as well as operating flights to major cities across India.[13] The airline currently has 25 aircraft flying to 27 destinations, with an order for additional 202 aircraft.[14][15]

  1. ^ "Akasa Air announces IATA code 'QP'". Zee News. Retrieved 17 May 2022.
  2. ^ a b "Why Akasa Air chose Mumbai and Bengaluru for its inaugural flights". Moneycontrol. 22 July 2022. Retrieved 23 July 2022.
  3. ^ "Akasa Air on ch-aviation.com". ch-aviation.com. Retrieved 17 February 2024.
  4. ^ url=https://www.akasaair.com/contact-us Archived 20 September 2022 at the Wayback Machine
  5. ^ a b c "Akasa Air Executive Committee". Akasa Air. Archived from the original on 16 July 2022. Retrieved 20 July 2022.
  6. ^ "Akasa Air FY24 revenue soars 339%, losses up over two-fold". The Economic Times. 5 November 2024. Retrieved 5 November 2024.
  7. ^ "Akasa Air Orders 72 Fuel-Efficient 737 MAX Airplanes to Launch Service in Fast-Growing Indian Market". MediaRoom. Retrieved 21 February 2022.
  8. ^ "Akasa Air not ultra low cost; will seek nod to fly international routes next summer: Vinay Dube". www.msn.com. Retrieved 12 January 2022.
  9. ^ "Rakesh Jhunjhunwala-promoted Akasa Air's Holding Company SNV Aviation Registered Using Vinay Dubey's Address". Moneycontrol. 4 August 2021. Retrieved 6 August 2021.
  10. ^ "Rakesh Jhunjhunwala-promoted Akasa Air Gets No-objection Certificate From Civil Aviation Ministry, DGCA: Reports". Moneycontrol. 4 August 2021. Retrieved 6 August 2021.
  11. ^ V., Manju (7 August 2022). "Akasa Air: India's newest airline debuts with Mumbai-Ahmedabad flight". The Times of India. Retrieved 8 August 2022.
  12. ^ "Akasa Air plans to launch first flight in June". www.siasat.com. 26 March 2022. Retrieved 26 March 2022.
  13. ^ "Indian Indian budget airline Akasa plans first commercial flight in June". The Economic Times. Retrieved 26 March 2022.
  14. ^ "Akasa Air to expand operations in SAARC and Middle East: Co-founder Aditya Ghosh". Moneycontrol. 23 August 2023. Retrieved 24 August 2023.
  15. ^ "Akasa Air places order for 150 Boeing 737 Max aircraft; looks to start international flights soon". The Times of India. 18 January 2024. Retrieved 1 February 2024.