How is Akasa Air's financial health after Rakesh Jhunjhunwala? CEO Vinay Dube sheds light on airline's business plan
The company added that it has received its third aircraft in Delhi which will be put into operation on the Mumbai-Bengaluru sector shortly.
India's new private airline Akasa Air founded by late broker-investor Rakesh Jhunjhunwala on Wednesday said that it has financial means to induct 72 aircraft over the next five years.
The company added that it has received its third aircraft in Delhi which will be put into operation on the Mumbai-Bengaluru sector shortly.
"We will continue to grow our fleet by adding one new aircraft every two weeks," Vinay Dube, Founder and CEO said in a statement.
"Thanks in no small part to Jhunjhunwala, for which we will always be grateful, Akasa Air is a well-capitalised airline with the financial means to induct 72 aircraft over the next five years," he added.
"In fact, our financial platform is strong enough to allow Akasa to place an aircraft order in the next 18 months that will be significantly larger than our first. In simple terms, our growth is secure," he said.
According to Dube, Akasa Air will honour Jhunjhunwala's legacy, values and belief in us by striving to run an extraordinary airline.
Meanwhile, a questionnaire sent to Akasa Air several days back on its finances, business plan, fleet and route expansion, financing model for the aircrafts, marketing strategy, among others, remained unanswered.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Senior Citizen Latest FD Rates: Know what major banks like SBI, PNB, Canara Bank, HDFC Bank, ICICI Bank are providing on fixed deposits
Gratuity Calculator: Rs 38,000 as last-drawn basic salary, 5 years and 5 months of service; what will be gratuity amount?
Top 5 Small Cap Mutual Funds with best SIP returns in 1 year: See how Rs 25,000 monthly investment has grown in each scheme
Top 7 SBI Mutual Funds With Best SIP Returns in 1 Year: Rs 25,000 monthly SIP investment in No.1 fund has jumped to Rs 3,58,404
08:13 AM IST