Akasa Air Co-Founder On International Expansion and Profitability — India Report

Low-cost carrier Akasa Air is on its path to profitability and will be expanding its international network, Indian news agency PTI said quoting Aditya Ghosh, the airline's co-founder.

The airline that started operations less than two years, has expanded its network network to 25 destinations, including 3 international destinations — Doha, Jeddah, and Riyadh. The airline last week announced that it was set to commence operations between Mumbai and Saudi Arabia’s Riyadh from June 15.

Akasa has placed an order of 226 planes with Boeing, of which 24 have been delivered. The delivery of the remaining 202 aircraft will go all the way through to 2032.  

The airline is, however, not looking at having wide-body planes in its fleet, according to Ghosh. He said business models focusing on one type of fleet have done consistently well, as it leads to high asset utilization and cost control.

International Expansion: The company made its international debut within 19 months of its launch. The airline has also received traffic rights for Kuwait. The airline excutives have earlier mentioned about their plans to expand to South Asia and Southeast Asia as well, while also expanding into Tier 2, 3, and 4 cities in I