Akasa Air Archives - Aviation Today

New Delhi, India: Akasa Air has backed the Centre's reported proposal to allow airport operators to own airlines, with Founder and Chief Executive Officer Vinay Dube expressing confidence that the government will introduce appropriate safeguards while framing the policy. At the same time, the airline is preparing for its next phase of expansion, with plans to explore an initial public offering (IPO) within the next two to five years as it continues to strengthen its financial position. Speaking in an interview with PTI, Dube said India requires greater competition in the aviation sector and that consumers would ultimately benefit from having more airline choices. His remarks come amid reports that the government is considering changes to existing norms that would permit airport operators to establish or own airlines. According to Dube, any framework allowing airport operators to own airlines would naturally involve regulatory and competitive considerations, particularly when a private entity controls both airport infrastructure and an airline. However, he expressed confidence that policymakers are fully aware of these issues and will incorporate the necessary safeguards while drafting the legislation. "I am very confident that the government will take into account the considerations involved when a private enterprise owns both an airport and an airline. Therefore, I am happy and supportive of this move," Dube told PTI. Emphasising the need for a more competitive aviation market, he said India can and should support multiple airlines to meet growing passenger demand. While acknowledging potential concerns surrounding ownership structures, he stressed that the larger objective should remain expanding consumer choice and encouraging healthy market competition. The comments come shortly after IndiGo Co-Founder and Managing Director Rahul Bhatia publicly warned that permitting airport operators to own airlines could create a "massive conflict of interest." A day later, the Adani Group, which currently operates eight airports across India, denied media reports suggesting it planned to enter the airline business. The policy discussion is unfolding as India continues to rank among the world's fastest-growing domestic aviation markets, with the government pursuing measures aimed at expanding connectivity, increasing airline capacity and encouraging new entrants. Akasa Air, which commenced commercial operations on August 7, 2022, will complete four years of operations this week. The airline currently operates a fleet of 40 Boeing 737 aircraft and has steadily expanded its domestic and international network since launch. The government's commitment to promoting competition was reiterated earlier this week when Civil Aviation Minister K. Rammohan Naidu, in a written reply to the Rajya Sabha on August 3, said the Centre remains committed to creating a conducive environment that supports the growth of existing airlines while facilitating the entry of new operators. In a separate interview in the past, Dube also outlined Akasa Air's long-term financial roadmap, revealing that the carrier intends to evaluate an initial public offering within the next two to five years. He said the airline remains financially healthy, describing Akasa Air as cash-positive and noting that its financial performance is progressing in line with management expectations. While confirming IPO plans are under consideration, Dube stressed that the airline will continue to prioritise sustainable expansion rather than pursuing aggressive fleet or network growth simply to increase its size."We will not chase growth for the sake of growth," Dube said. Akasa Air strengthened its financial position last year by raising fresh capital from investors, including Premji Invest and Claypond Capital, with the funds earmarked primarily for network and operational expansion. The airline has also outlined ambitious fleet expansion plans. Earlier, Chief Financial Officer Ankur Goel said Akasa Air aims to induct enough aircraft to build a fleet of 226 airplanes by the end of 2032, while continuing to improve financial performance and increase capacity. Official aviation data showed Akasa Air held a 5.4% domestic market share during the latest reporting period cited in the PTI report, underscoring its steady growth since entering India's highly competitive airline sector. With supportive financial fundamentals, an expanding fleet, and a long-term IPO strategy, Akasa Air is positioning itself for sustained growth while advocating for policy reforms that it believes could further strengthen competition in India's rapidly evolving aviation industry.

Akasa Air Supports Airport-Airline Ownership Plan, Says India Needs More Competition

Aviation Today News Desk / August 6, 2026

New Delhi, India: Akasa Air has backed the Centre’s reported proposal to allow airport operators to own airlines, with Founder […]

Mumbai, India: Akasa Air is seeking to raise ₹1,050 crore (US$110 million) through a combination of equity and debt financing as the Mumbai-based carrier looks to strengthen its finances amid higher operating costs triggered by the recent Iran conflict. The fundraising comes as soaring aviation fuel prices, flight disruptions and longer routings have added financial pressure on airlines while Akasa continues its aggressive expansion strategy. Akasa plans to raise approximately ₹800 crore (US$84 million) through equity and at least ₹250 crore (US$26 million) through debt. The airline has approached both its existing shareholders and two new investors for the equity portion, while simultaneously holding discussions with state-run banks to secure debt financing under the Indian government's special credit line introduced to support airlines affected by the Iran conflict. The discussions remain private and the fundraising structure has not yet been finalized. For the equity raise, existing shareholders are expected to contribute around ₹500 crore (US$52.4 million), while the remaining ₹300 crore (US$31.4 million) is expected to come from one Asian investor and one American investor, according to the report. Akasa Air began operations in August 2022 under SNV Aviation Pvt. Ltd. The airline had already raised capital from investors in June 2025, but market conditions deteriorated following the conflict between Iran and the United States. The war disrupted international air travel, forced airlines to reroute flights around restricted airspace and drove up aviation turbine fuel (ATF) prices. Fuel typically accounts for around 40% of an airline's operating costs, significantly increasing financial pressure across the industry. The airline's fundraising reflects wider challenges confronting both Indian and global carriers. Tata Group-owned Air India recently reported its largest-ever annual loss and is seeking additional funding from its shareholders, including Singapore Airlines. Responding to reports of the fundraising, Akasa Air did not directly confirm the capital raise but said it looks forward to availing itself of the government's aviation credit line "as appropriate, to further strengthen our growth plans." SNV Aviation's shareholder base includes Akasa Air founder and Chief Executive Officer Vinay Dube, the family of late billionaire investor Rakesh Jhunjhunwala, a private equity fund managed by 360 ONE Asset Management, and other investors. Despite the challenging operating environment, Akasa has continued expanding more rapidly than most competitors. While overall airline capacity in India declined by 6% during March and April, Akasa increased its flight operations by 13.2% year-on-year, making it the only domestic carrier to significantly expand capacity during that period. The airline currently operates a fleet of 40 Boeing 737 MAX aircraft. For the financial year ended 31 March 2026, Akasa reported a 37% increase in operating revenue, supported by 30% growth in available seat kilometres (ASKs). Chief Financial Officer Ankur Goel also announced last month that the airline plans to expand capacity by another 30% during FY2027, underscoring management's confidence in long-term demand despite current geopolitical and cost pressures. The proposed fundraising would provide Akasa with additional liquidity to support fleet expansion, network growth and working capital requirements while mitigating the impact of elevated fuel prices and operational disruptions caused by the conflict in the Middle East. If completed, the transaction would further strengthen the airline's balance sheet as it pursues continued expansion in India's highly competitive aviation market.

Airlines

Akasa Air Seeks ₹1,050 Crore To Support Expansion Amid Rising Iran Conflict Costs

Aviation Today News Desk / July 16, 2026

Mumbai, India: Akasa Air is seeking to raise ₹1,050 crore (US$110 million) through a combination of equity and debt financing

New Delhi, India: A ground collision between two commercial aircraft operated by SpiceJet and Akasa Air at Indira Gandhi International Airport has prompted a regulatory investigation, after both planes sustained damage during taxi operations on Thursday afternoon. The incident occurred at approximately 2:15 PM at Terminal 1, involving a SpiceJet Boeing 737-700 (VT-SLB) arriving from Leh and an Akasa Air Boeing 737 MAX 8 scheduled to operate flight QP1406 from Delhi to Hyderabad. According to the Directorate General of Civil Aviation (DGCA), the SpiceJet aircraft was taxiing into its designated parking bay after landing when its right winglet struck the left horizontal stabiliser (tail section) of the Akasa aircraft. The Akasa aircraft had already been pushed back from its bay and was positioned for engine start, effectively stationary at the time of impact. Preliminary findings indicate that the SpiceJet aircraft had been cleared by air traffic control to taxi toward bay No. 106 after confirming separation from the Akasa aircraft. However, during the manoeuvre, the aircraft reportedly executed a turn without wing walker clearance, leading to contact between the two planes. Flight tracking data and initial reports suggest the SpiceJet jet was pulling into the gate, while the Akasa aircraft was in pushback or preparing to taxi out for departure. The collision resulted in visible structural damage to both aircraft: SpiceJet: Right winglet damaged Akasa Air: Left-hand horizontal stabiliser damaged The winglet of the SpiceJet aircraft briefly lodged into the Akasa aircraft’s tail section following impact. No injuries were reported. All passengers and crew onboard the Akasa aircraft were safely disembarked, and the airline arranged alternate travel for passengers bound for Hyderabad SpiceJet described the incident as a “ground occurrence while taxiing”, confirming that its aircraft has been withdrawn from service pending checks. Akasa Air stated that its aircraft was stationary when the contact occurred, and confirmed that all standard safety protocols were followed after the incident. The Directorate General of Civil Aviation has launched a detailed investigation into the incident. The probe will examine ground handling procedures, ATC instructions, aircraft separation standards, and taxi coordination protocols.

Incidents

SpiceJet Jet Hits Stationary Akasa Aircraft At Delhi Airport, DGCA Orders Probe

Aviation Today News Desk / April 17, 2026

New Delhi, India: A ground collision between two commercial aircraft operated by SpiceJet and Akasa Air at Indira Gandhi International

Airports

Fire Breaks Out At Mumbai Airport Triggering Smoke Chaos; Operations Unaffected

Aviation Today News Desk / April 10, 2026

Mumbai, India: A minor fire broke out at Chhatrapati Shivaji Maharaj International Airport’s Terminal 1 in Mumbai on the evening

India

India Sees 11 Airline Exits Since 2016 Amid Financial Stress, Structural Challenges

Aviation Today News Desk / April 4, 2026

New Delhi, India: At least 11 airlines have exited India’s aviation sector since 2016, the government informed Parliament, focusing on

India

IndiGo Tops India In Pilot Numbers But Has Lowest Pilot-To-Aircraft Ratio At 7.6

Aviation Today News Desk / March 13, 2026

New Delhi, India: India’s largest airline IndiGo has the lowest pilot-to-aircraft ratio among domestic carriers, the government informed Parliament, highlighting

Incidents

Passenger Charged For Smoking In Lavatory On Delhi-Goa Akasa Air Flight

Aviation Today News Desk / March 10, 2026

Goa, India: A passenger has been charged after allegedly smoking a beedi (hand-rolled cigarette) inside the lavatory of an Akasa

Middle East

US–Israel–Iran War Trigggers Widespread Airspace Closures, 4,000+ Flight Cancellations

Aviation Today News Desk / March 2, 2026

Middle East: Global air travel faced unprecedented disruption this weekend after the United States and Israel launched a large-scale attack

India

India’s Domestic Air Traffic Hits 166.9M Passengers In 2025 Despite IndiGo Disruptions

Aviation Today News Desk / February 15, 2026

Delhi, India: India’s domestic aviation sector sustained its expansion in 2025, with scheduled domestic carriers ferrying 1,669.46 lakh (166.946 million) passengers for

India

DGCA Says 377 Of 754 Indian Commercial Aircrafts Show Recurring Technical Defects

Aviation Today News Desk / February 6, 2026

Delhi, India: Nearly 50% of Indian commercial aircraft audited by the Directorate General of Civil Aviation (DGCA) have been identified

Akasa Air

Akasa Air Supports Airport-Airline Ownership Plan, Says India Needs More Competition

Akasa Air Seeks ₹1,050 Crore To Support Expansion Amid Rising Iran Conflict Costs

SpiceJet Jet Hits Stationary Akasa Aircraft At Delhi Airport, DGCA Orders Probe

Fire Breaks Out At Mumbai Airport Triggering Smoke Chaos; Operations Unaffected

IndiGo Tops India In Pilot Numbers But Has Lowest Pilot-To-Aircraft Ratio At 7.6

Passenger Charged For Smoking In Lavatory On Delhi-Goa Akasa Air Flight

US–Israel–Iran War Trigggers Widespread Airspace Closures, 4,000+ Flight Cancellations

DGCA Says 377 Of 754 Indian Commercial Aircrafts Show Recurring Technical Defects

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