Akasa Air, one of India’s newest and rapidly growing carriers, has reported robust financial results for the fiscal year ending March 31, 2025, highlighting its aggressive expansion and disciplined cost management. The airline announced a 49% year-on-year revenue increase, attributing the gain to strong unit profitability and a stage-adjusted RASK increase of 13%.
GMR Aero Technic, one of India’s prominent MRO providers, has secured a three-year base maintenance agreementwith Akasa Air, a fast-growing Indian low-cost carrier. The agreement covers maintenance services for Akasa’s expanding B737 MAX fleet, reinforcing the airline’s commitment to operational reliability and GMR Aero Technic’s positioning as a preferred maintenance partner in the region.
Akasa Air, India’s newest low-cost carrier, has expanded its fleet with the addition of a B737-8200 aircraft, registration VT-YBG. The aircraft is powered by advanced LEAP-1B engines, offering improved fuel efficiency and environmental performance.
Akasa Air, the Indian low-cost carrier, has taken delivery of a Boeing 737-8200, registered as VT-YBE, powered by LEAP-1B engines. This aircraft marks a significant addition to the airline’s expanding fleet as it scales up operations across India and key regional markets.
Akasa Air (India) has outlined ambitious growth plans that include expanding its fleet to a total of 30 aircraft by July 2025. The airline is also setting up two new strategic operational hubs at Navi Mumbai International Airport and Jewar Airport (Noida International Airport), where it intends to base 5 to 7 aircraft each by the end of the year.
Akasa Air is securing additional funding from a group of high-profile investors, including the investment offices of Azim Premji and Ranjan Pai, along with wealth management firm 360 ONE and the Jhunjhunwala family. The financial terms of these investments have not been publicly disclosed.
Akasa Air (India) is grappling with a significant challenge as its pilot training timelines are expected to extend due to delays in aircraft availability. The airline currently operates a fleet of only 26 aircraft, despite employing nearly 850 pilots.
Akasa Air has announced the appointment of Belson Coutinho as its new Chief Operating Officer (COO), effective January 6, 2025. In his role, Coutinho will oversee critical operational functions, including Inflight Services, Airport Services, Maintenance & Engineering, Flight Operations, Integrated Operations Control Center (IOCC), and Operational Excellence. Additionally, he will lead the Akasa Air Learning Academy, focusing on training and development initiatives for the airline’s workforce.
The Directorate General of Civil Aviation (DGCA) has suspended two senior executives of Akasa Air (India) for a period of six months, citing lapses in pilot training. The individuals affected are Niraj Bhatia, Director of Training, and Floyd Gracious, Director of Flight Operations. This regulatory action underscores the critical importance of maintaining rigorous standards in aviation training and operational oversight.
Akasa Air, India’s newest low-cost carrier, has initiated discussions with Boeing to accelerate the delivery of additional aircraft, aiming to expand its fleet significantly by the end of the current fiscal year in March 2025. The airline is positioning itself to cater to the growing domestic and international travel demand in the region.
