Akasa Air Company Profile

Background

Akasa Air, operating under SNV Aviation Private Limited, is a Mumbai-based low-cost airline that commenced operations on August 7, 2022. Founded by aviation veterans Vinay Dube and Aditya Ghosh, with significant investment from the late Rakesh Jhunjhunwala, Akasa Air aims to make air travel inclusive and affordable, emphasizing quality service and operational excellence. The airline has rapidly expanded its footprint, becoming India's third-largest carrier with a domestic market share of 4.6% as of early 2025.

Key Strategic Focus

Akasa Air's strategic objectives include:

Fleet Expansion: Operating an all-Boeing 737 MAX fleet, the airline has placed orders totaling 226 aircraft to support its growth plans.

Route Network Growth: Initially focusing on connecting metro cities with tier-2 and tier-3 cities, Akasa Air has expanded to 22 domestic and 5 international destinations, including Doha and Jeddah.

Technological Integration: Embracing a tech-first approach, the airline has partnered with Navitaire to implement a cloud-enabled reservation and retailing system, enhancing operational efficiency and customer experience.

Financials and Funding

In February 2025, Akasa Air secured an undisclosed amount of funding from prominent investors, including the family offices of Azim Premji and Ranjan Pai, as well as 360 ONE Asset. The family of the late Rakesh Jhunjhunwala also contributed additional capital. This funding aims to support fleet expansion, route network growth, and technological advancements.

Pipeline Development

Akasa Air's growth trajectory includes:

Fleet Augmentation: The airline has ordered 226 Boeing 737 MAX aircraft, with deliveries scheduled over the next eight years. This includes 100 Boeing 737 MAX 10 and 50 Boeing 737 MAX 200 aircraft, enhancing capacity and operational efficiency.

International Expansion: After launching international operations in March 2024 with flights to Doha, Akasa Air plans to further expand its international presence, targeting additional destinations in the Middle East and Southeast Asia.

Technological Platform and Innovation

Akasa Air differentiates itself through:

Proprietary Technologies: Partnering with Navitaire, the airline utilizes the New Skies® reservation system, Digital Platform, GoNow day-of-departure, and SkyLedger® revenue accounting systems to streamline operations and enhance customer service.

Sustainability Initiatives: Operating one of the youngest and greenest fleets in India, Akasa Air's Boeing 737 MAX aircraft are equipped with CFM LEAP-1B engines, reducing fuel consumption and carbon emissions. The airline also employs eco-friendly practices, such as using uniforms made from recycled materials.

Leadership Team

Vinay Dube: Founder and CEO, with extensive experience in the aviation industry, including leadership roles at Jet Airways and GoAir.

Aditya Ghosh: Co-founder, previously served as President of IndiGo, bringing valuable expertise in airline operations and management.

Neelu Khatri: Co-founder and Senior Vice President of International Operations, instrumental in expanding Akasa Air's global footprint.

Leadership Changes

In August 2022, Akasa Air faced the loss of its key investor, Rakesh Jhunjhunwala, who passed away shortly after the airline's inaugural flight. Despite this, the airline has continued its growth trajectory, supported by its robust leadership team and strategic investors.

Competitor Profile

Market Insights and Dynamics

India's aviation market is characterized by rapid growth, with increasing demand for both domestic and international travel. The market is competitive, with several carriers vying for market share.

Competitor Analysis

IndiGo: The market leader with a significant domestic presence, known for its extensive network and operational efficiency.

Air India: Backed by the Tata Group, Air India is expanding its fleet and international routes, aiming to reclaim its position as a leading carrier.

SpiceJet: A low-cost carrier facing operational challenges but maintaining a presence in the domestic market.

Strategic Collaborations and Partnerships

Boeing: Akasa Air's partnership with Boeing includes orders for 226 737 MAX aircraft, supporting its expansion plans.

Navitaire: The collaboration with Navitaire provides a robust technological platform for reservations, revenue management, and customer engagement.

Operational Insights

Akasa Air's strategic considerations include:

Market Positioning: As a low-cost carrier, Akasa Air focuses on affordability while maintaining quality service, differentiating itself in a competitive market.

Operational Efficiency: The airline's modern fleet and technological investments contribute to high on-time performance and customer satisfaction.