Akasa Air, one of India's youngest carriers, has had a fairly good run so far. The two-year old airline was the fastest in India to start international operations and the fastest to scale up its fleet. It now operates more than 900 weekly flights to India and international locations, has a 4.7% domestic market share and 226 planes on order.
But piling losses, ruthless competition from the IndiGo-Air India duopoly and a slowdown in deliveries from troubled plane maker Boeing loomed large and threatened to impact its run.
What are Akasa’s plans ahead? Host Anirban Chowdhury speaks to CEO Vinay Dube and CCO Praveen Iyer.
ET Podcasts now has a new show. 7@7 is your quick, sharp sub 5 minute daily roundup of financial news from India and the world. Tune in to Apple Podcasts, Spotify, Amazon Prime Music, Jio Saavn, Youtube or wherever you get your podcasts from!
Check out other interesting episodes from the host like: Bangladesh Battered, Taxing Times for Infosys, Will OLA Electrify the Markets?, The Biggest Pharma Deal of the Decade, The Blue Screen of Death, and more!
You can follow Anirban Chowdhury on his social media: Twitter and Linkedin
Catch the latest episode of ‘The Morning Brief’ on ET Play, The Economic Times Online, Spotify, Apple Podcasts, JioSaavn, Amazon Music and Youtube.
See omnystudio.com/listener for privacy information.
The Morning Brief