Akasa Air takes delivery of first Boeing 737 MAX aircraft at IGI Airport

NEW DELHI: Ace investor Rakesh Jhunjhunwala-promoted Akasa Air’s first aircraft Boeing 737 MAX arrived in New Delhi on Tuesday, bringing it closer to securing the mandatory Air Operator Permit to start operations. The airline had received the ceremonial keys for the aircraft in Seattle, the US, on June 15, Akasa Air said in a statement. […]

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Akasa Air to partner Griffin for sale, leaseback of Boeing planes

NEW DELHI: Akasa Air has signed a contract with Irish leasing company Griffin Global Asset Management for sale and leaseback of five Boeing 737 Max aircraft, a statement said on Thursday. Under sale and leaseback model, the airline sells its planes to a leasing company and then leases them back. This frees up the cash […]

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Akasa Air ties up with Navitaire for digital retailing, reservations system

NEW DELHI: India’s newest airline Akasa Air on Thursday announced it has chosen reservation systems provider Navitaire so that it can run reliable operations and offer affordable travel options to its passengers. Akasa Air, backed by ace investor Rakesh Jhunjhunwala, and aviation veterans Vinay Dube and Aditya Ghosh, is expected to begin its commercial operations […]

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India’s Akasa Air orders 72 fuel-efficient 737 MAX airplanes from Boeing

NEW DELHI: Rakesh Jhunjhunwala’s Rakesh Jhunjhunwala’s Akasa Air has ordered (72) 737 MAX airplanes to build its fleet. Valued at nearly $9 billion at list prices. “Boeing and Akasa Air, a brand of SNV Aviation, today announced the new Indian carrier has ordered (72) 737 MAX airplanes to build its fleet. Valued at nearly $9 […]

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Rakesh Jhunjhunwala plans 70 planes for new ultra-low cost airline

NEW DELHI:Billionaire investor Rakesh Jhunjhunwala is planning on having 70 aircraft within four years for a new airline he wants to set up in India on optimism more people will travel by air. Jhunjhunwala, who is considering investing $35 million and would own 40% of the carrier, expects to get a no-objection certificate from India’s […]

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