“Akasa Air, Supported by Jhunjhunwala, Secures Deal for 150 Boeing 737 MAX Aircraft”
In a significant move to expand its foothold in the burgeoning Indian aviation market, low-cost carrier Akasa Air, backed by renowned investor Rakesh Jhunjhunwala, has placed an order for 150 Boeing 737 MAX aircraft. The announcement was made during the “Wings India” air show in Hyderabad, attracting industry leaders, airlines, and government representatives.
In a significant move to expand its foothold in the burgeoning Indian aviation market, low-cost carrier Akasa Air, backed by renowned investor Rakesh Jhunjhunwala, has placed an order for 150 Boeing 737 MAX aircraft. The announcement was made during the “Wings India” air show in Hyderabad, attracting industry leaders, airlines, and government representatives.
The order, a testament to Akasa’s ambitions, is a crucial step in solidifying its position in both domestic and international skies. The narrow-body Boeing 737 MAX aircraft are specially equipped to serve nearby foreign destinations, including Southeast Asia and the Middle East, further broadening the airline’s reach.
This development marks the first major order for Boeing’s MAX jetliner program since a recent mid-air cabin panel incident. However, it’s worth noting that the ordered aircraft do not include the Max 9 variant involved in the reported incident, as indicated by Bloomberg.
Akasa Air, which began operations in 2022, currently boasts a fleet of 76 aircraft. The newly ordered 737 MAX 10 and 737 MAX 8-200 jets are set to be delivered steadily through 2032, supporting the airline’s ambitious expansion plans on both domestic and international fronts.
With this order, Akasa’s total aircraft order book now stands at an impressive 226, reinforcing its commitment to growth and expansion. The airline’s market share, currently at four percent, positions it as a noteworthy contender in India’s competitive aviation landscape, dominated by IndiGo with a 60 percent market share and the Tata Group’s airlines holding a combined 26 percent.
Founded by former Jet Airways CEO Vinay Dube, Akasa Air has swiftly become India’s newest airline, focusing on the low-cost segment. The carrier already serves 18 cities across India, including the bustling Mumbai-New Delhi route, and has ambitious plans to extend its network to the Middle East and Southeast Asia.
In a statement, Akasa Air expressed confidence in its strategic vision, emphasizing that the latest Boeing order is a key element in realizing its expansion goals. As the airline continues to capitalize on the rising demand for air travel in India, this major aircraft acquisition positions Akasa Air as a formidable player in the country’s dynamic aviation sector.
Sources By Agencies
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