India’s youngest airline, Akasa Air, plans to raise $1 billion to expand its fleet and capture 12-15% of the domestic market by 2027.
Akasa Air targets 74 aircraft by 2027! Its leasing bill is set to soar from $90M to $300M annually as it gears up for massive growth.
Despite Akasa Air’s big plans, the Jhunjhunwala family, key investors, may sit out of the upcoming equity rounds, waiting for profitability.
Akasa’s rapid expansion faces hurdles with Boeing supply chain issues and pilot shortages. But the airline remains resilient and ambitious.
Akasa Air aims to turn profitable by 2026, promising to outpace rivals like IndiGo in reaching financial stability. Will they achieve it?