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
Power of Compounding: How many years will it take to reach Rs 3 crore corpus if your monthly SIP is Rs 4,000, Rs 5,000, or Rs 6,000
Power of Compounding: Salary Rs 25,000 per month; is it possible to create over Rs 2.60 crore corpus; understand it through calculations
Liquor stock under Rs 300: Can this smallcap scrip double your money in 1-2 years? Check targets by Anil Singhvi
Reduce Home Loan EMI vs Reduce Tenure: Rs 75 lakh, 25-year loan; which option can save Rs 25 lakh and 64 months and how? Know here
08:13 AM IST