India's Akasa Air reveals rapid growth plan by 2027

Akasa Air is sufficiently capitalised to induct 72 aircraft by 2027, co-founder and Chief Commercial Officer Praveen Iyer said in an interview with India’s Businessline. “As a start-up, it’s been exactly four months, and we are happy with the overall performance. In fact, the financial platform is strong enough to allow Akasa Air to place an aircraft order in the next 18 months that will be significantly larger than the first one,” he said. Having started in August 2022, the airline currently operates 56 flights daily with nine B737-8s leased from Griffin Global Asset Management and LEAP. It has sixty-one more B737 MAX on order from LEAP, ch-aviation fleets advanced data shows. Iyer said deliveries had been timely so far, and the company was on track to induct one or two aircraft every month as per its plan. “By December 25, 2022, we will have ten aircraft and also take delivery of the 11th aircraft. By December end, we will have 11 destinations on 16 nonstop routes and expect to cross the milestone of 500 weekly flights. Our fleet size will be 18 aircraft by the end of March 2023, and over the next four years, we will add 54 additional aircraft, taking our total fleet size to 72 aircraft.” <br/>