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Akasa Air

From Wikipedia, the free encyclopedia
Not to be confused with Alaska Airlines.

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]

History

[edit]

Founding and launch (2021–present)

[edit]

During March 2021, reports surfaced that Vinay Dube, the former CEO of Jet Airways and Go First, planned to launch a new low-cost carrier in India with former Go First Chief Commercial Officer (CCO), Praveen Iyer, and Head of Flight Operations, Nikhil Ved.[16] The airline is a brand of SNV Aviation Private Limited.[17]

In July 2021, the Indian billionaire trader, Rakesh Jhunjhunwala, invested US$35 million for a 40% stake in the carrier.[18][19] Aditya Ghosh owns 10% of the airline, while Vinay Dube owns 31% of it.[20] Rakesh later increased his investment in the airline to 46%.[21] It received a No Objection Certificate (NOC) from the Ministry of Civil Aviation in October 2021.[22][23]

Akasa Air’s logo with their tagline

On 22 December 2021, the airline unveiled its brand identity and logo, with the tagline It's Your Sky.[24][25]

The symbol 'rising A', a part of their logo, was inspired by elements from the sky including the warmth of the rising sun, the effortless flight of a bird and the dependability of an aircraft wing.[26] The colors of their brand 'Sunrise Orange' and 'Passionate Purple' were chosen, reflecting the airline's warm, youthful, and respectful nature.[27] In early July 2022, the airline unveiled its crew uniform which was widely praised for its unique design. The uniform design incorporated a fusion of modern designs with Indian designs. It became the first airline to introduce sneakers made of recycled rubber, and the first in the country to introduce trainers for cabin crew as well.[28]

Commencement of operations and operational difficulties

[edit]

On 7 July 2022, the airline received its air operator's certificate (AOC) from the Directorate General of Civil Aviation (DGCA) after completing the required proving flights.[29] On 22 July 2022, Akasa Air started Flight Booking on its website.[30]

On 7 August 2022, the airline operated its first commercial flight between Mumbai and Ahmedabad with 28 flights per week. The inaugural event was heavily covered by mainstream media and the Indian aviation community. Notable aviation enthusiasts, youtubers and bloggers from across the globe and all over the country, like Josh Cahill, Sriram Hariharan, Utkarsh Thakkar, Dev Gandhi, and business magnate and the largest stakeholder of the airline, Rakesh Jhunjhunwala, among many others flew on the inaugural flight.[31] Initially, the airline operated flights with two Boeing 737 MAX aircraft, with plans to add an aircraft every 2 weeks.[32][33]

On 25 August 2022, the airline suffered a data breach. The airline on 28 August 2022 reported to the Indian Computer Emergency Response Team (CERT-In) that user information limited to names, gender, email addresses and phone numbers may have been viewed by unauthorized individuals; however, no travel-related information, travel records or payment information was compromised.[34][35][36]

In September 2023, reports emerged that the airline had sent legal notice to over 19 pilots, who reportedly left the airline and joined Air India Express without completing their required 6 months notice. By the end of September, the number rose to over 40; the airline responded by stating that it was forced to cancel over 700 flights in August and more in September, so it faced operational losses and damage to its reputation. The airline was reportedly seeking that these pilots will return to the airline, complete their notice period and pay a set amount as compensation for the loss the airline had incurred. Air India Express, responded by stating that the pilots had fulfilled their obligation by paying a set bond amount to Akasa Air.[37][38][39][40][41]

The airline received permission from the DGCA to operate international flights in December 2023,[42][15] and announced in February 2024 that it would commence its international operations beginning from 28 March 2024, operating four weekly flights between Mumbai and Doha, with flights to Dammam and Riyadh starting in the coming months.[43]

Destinations

[edit]

As of October 2024, Akasa Air flies to a total of 25 destinations including 20 domestic destinations and 5 international destinations.

On 22 July 2022, the airline announced its first destination and opened bookings for it as well. The airline's first commercial flight was on 7 August 2022, between Ahmedabad and Mumbai.[44] Most flights are operated through their operating bases at Bengaluru and Mumbai.[45] The airline currently flies to 21 destinations, with plans to launch 9 more destinations within India.[46] The airline has received permission to operate international flights in December 2023, and in February 2024, it announced that it will launch its first international destination as Doha from Mumbai, starting from 28 March 2024.[47][48]

Country (State) City Airport Notes Refs.
India (Andaman and Nicobar Islands) Port Blair Veer Savarkar International Airport [49]
India (Andhra Pradesh) Visakhapatnam Visakhapatnam International Airport Terminated [50]
India (Assam) Guwahati Lokpriya Gopinath Bordoloi International Airport [51]
India (Delhi) New Delhi Indira Gandhi International Airport [52]
India (Goa) Mopa Manohar International Airport [51]
India (Gujarat) Ahmedabad Sardar Vallabhbhai Patel International Airport [51][53]
India (Jammu and Kashmir) Srinagar Srinagar Airport [54]
India (Karnataka) Bengaluru Kempegowda International Airport Base [55]
India (Kerala) Kochi Cochin International Airport [51]
India (Madhya Pradesh) Gwalior Gwalior Airport [56]
India (Maharashtra) Mumbai Chhatrapati Shivaji Maharaj International Airport Base [57]
Pune Pune Airport [citation needed]
India (Odisha) Bhubaneswar Biju Patnaik International Airport [58]
India (Tamil Nadu) Chennai Chennai International Airport [51]
India (Telangana) Hyderabad Rajiv Gandhi International Airport [51]
India (Tripura) Agartala Maharaja Bir Bikram Airport [51]
India (Uttar Pradesh) Ayodhya Maharishi Valmiki International Airport [59]
Gorakhpur Mahayogi Gorakhnath Airport [58]
Lucknow Chaudhary Charan Singh International Airport [51]
Prayagraj Prayagraj Airport [58]
Varanasi Lal Bahadur Shastri Airport [60]
India (West Bengal) Bagdogra Bagdogra International Airport [51]
Kolkata Netaji Subhas Chandra Bose International Airport [51]
Kuwait Kuwait City Kuwait International Airport [61][62]
Qatar Doha Hamad International Airport [63]
Saudi Arabia Jeddah King Abdulaziz International Airport [64]
Riyadh King Khalid International Airport [65]
United Arab Emirates Abu Dhabi Zayed International Airport [61]


Fleet

[edit]
Akasa Air's first Boeing 737 MAX 8 aircraft, registered as VT-YAA
Akasa Air's Boeing 737 MAX 8 aircraft, reigstered as VT-YAJ

As of October 2024, Akasa Air operates an all-Boeing 737 MAX fleet, composed of the following aircraft:[66]

Akasa Air fleet
Aircraft In service Orders Passengers Notes
Boeing 737 MAX 8 23 — 189 Deliveries through 2032.[67][68][69]
174
Boeing 737 MAX 10 — 99 TBA
Boeing 737 MAX 200 3 101 197
Total 26 200

Fleet development

[edit]

On 16 November 2021, the airline ordered 72 Boeing 737 MAX aircraft valued at nearly $9 billion in list prices at the 2021 Dubai Airshow. The order consists of 737 MAX 8 and the higher-capacity 737 MAX 200 variants.[70] The airline has partnered with Griffin Global Asset Management for a sale-leaseback agreement which includes 5 of their Boeing 737 MAX aircraft.[71] It took the delivery of their first Boeing 737 MAX 8 on 16 June 2022.[72] The airline currently has a plan to add an aircraft every 2 weeks.[73] During the 2023 Paris Air Show the airline ordered another 4 aircraft and specified the breakdown of the order.[74] The airline planned to order a 3-digit aircraft order by 2023 year-end, which would take the order book past 76 aircraft and get ready for future growth plans.[75] On 18 January 2024, the airline placed an order for 150 Boeing 737 MAX aircraft at Wings India 2024. The order also included Boeing 737 MAX 10 and additional Boeing 737 MAX 8-200 aircraft, thereby taking the overall order past 200 aircraft.[69] On 26 January 2024, the airline ordered more than 300 CFM LEAP-1B engines to power its upcoming 737 MAX aircraft.[76]

Services

[edit]

Being a low-cost airline, Akasa Air operates an all economy configuration in their Boeing 737 MAX variants, with a total of 189 or 174 passengers in -8 variant and 197 in -200 variant.[77][78] To keep fares at a low price, the airline does not provide any in-flight meal; however, the airline operates Café Akasa, its own catering service where passengers can purchase food on board.[79] The airline currently has no in-flight entertainment (IFE) system. The airline offers passengers the "flexi premium services" where passengers get food, seat selection, priority and lower costs for date changes and cancellations. This service is similar to other low-cost carriers in India.[80][81]

The airline has partnered with Blue Ribbon Bags (BRB), providing delayed luggage protection services. It offers its customers delayed baggage protection services. This add-on service available at a fee of ₹ 95 per passenger offers a compensation of ₹ 19,000 per bag (up to 2 bags), in case the check-in bag is delayed or lost beyond 96 hours, following the submission of complaint.[82]

See also

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References

[edit]
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  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.
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  10. ^ "Rakesh Jhunjhunwala-promoted Akasa Air Gets No-objection Certificate From Civil Aviation Ministry, DGCA: Reports". Moneycontrol. 4 August 2021. Retrieved 6 August 2021.
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  14. ^ "Akasa Air to expand operations in SAARC and Middle East: Co-founder Aditya Ghosh". Moneycontrol. 23 August 2023. Retrieved 24 August 2023.
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  61. ^ a b "Akasa Air adds Abu Dhabi/Kuwait City in 3Q24". aeroroutes.com. 2 August 2024.
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  64. ^ "Akasa Air Adds Jeddah from July 2024". Akasa Air. Retrieved 11 May 2024.
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  67. ^ "Akasa Air to buy 4 more Boeing 737 Max planes; 'three-digit' aircraft order this year". Devdiscourse. Retrieved 21 June 2023.
  68. ^ "Jhunjhunwala-backed Akasa Air signs $9 bn deal for 72 Boeing 737 Max planes". Business Standard. 16 November 2021. Retrieved 24 July 2022.
  69. ^ a b Chua, Alfred (18 January 2024). "Akasa Air orders 150 737 Max jets". Flight Global. Retrieved 18 January 2024.
  70. ^ "Akasa Air Orders 72 Fuel-Efficient 737 MAX Airplanes to Launch Service in Fast-Growing Indian Market". MediaRoom. Retrieved 17 November 2021.
  71. ^ "Exclusive News: Akasa Air thrill to Partner with Griffin to lease Five B737-8 Aircrafts [sic]". Aviation A2Z. 9 June 2022. Retrieved 13 June 2022.
  72. ^ "Akasa Air takes delivery of first 737 Max aircraft from Boeing in US". Retrieved 21 June 2022.
  73. ^ Saurabh Sinha (17 August 2022). "Akasa News: Akasa Air 'well-capitalised', to add one aircraft every two weeks | India Business News". The Times of India. Retrieved 19 August 2022.
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  75. ^ "Akasa Air has ample fuel to go for three-digit aircraft order, says CEO Dube". The Economic Times. 13 July 2023. ISSN 0013-0389. Retrieved 24 August 2023.
  76. ^ Kawale, Ajinkya (26 January 2024). "Akasa Air orders over 300 CFM engines for its new B737 MAX aircraft". Business Standard. Retrieved 1 February 2024.
  77. ^ "India's new low-cost carrier Akasa Air takes off". www.aerotime.aero. 9 August 2022. Retrieved 11 August 2022.
  78. ^ "In Pics: All about Rakesh Jhunjhunwala-owned low cost airline Akasa Air". LiveMint. 7 August 2022. Retrieved 11 August 2022.
  79. ^ "Cafe Akasa". Akasa Air. Retrieved 11 August 2022.
  80. ^ Nath, Nishtha. "Here's All You Need to Know About India's Youngest Airline!". Tripoto. Retrieved 27 February 2024.
  81. ^ "Branded Fares - Saver & Flexi | Akasa Air". www.akasaair.com. Retrieved 27 February 2024.
  82. ^ "Akasa Air partners with Blue Ribbon Bags for delayed baggage protection service". The Times of India. 12 April 2023. ISSN 0971-8257. Retrieved 13 April 2023.
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