In November 2021, Akasa Air, led by billionaire investor Rakesh Jhunjhunwala, announced the purchase of CFM LEAP-1B engines to power its Boeing 737 MAX airplanes. The agreement is valued at nearly USD 4.5 billion, the agreement also includes spare engines and long-term services. ...
For instance, India is rapidly establishing itself as one of the world's largest aviation markets. Over the past year, leading Indian airlines, including Air India, Indigo, and Akasa Air, collectively placed orders for more than 1,100 aircraft, marking one of the largest commercial aircraft ord...
(LCCs) in countries like India, Malaysia, and the Philippines, has witnessed healthy growth in terms of market capitalization and total seating capacity share. For instance, in August 2022, Akasa Air launched its operations in India with a fleet of 20 B737MAX, and as of December 2023, the...
The Federal Aviation Administration (FAA) and various aviation organizations such as FlyersRights and the Allied Pilots Association, emphasize the importance of adhering to strict regulations regarding evacuation procedures and equipment. Airline operators like Air India, IndiGo Airlines, and Akasa Air ...
Furthermore, United Airlines has announced that it has started operating on new routes, describing it as its "largest transatlantic expansion." With everything returning to normal, new airlines have started operations. Akasa Air, a new Indian airline, has started its operations in August 2022, st...
The introduction of new low-cost carrier airlines, such as Akasa Air, is expected to lead to the opening up of new routes and destinations within the country. Such opportunities are also anticipated to lead to a significant increase in the number of investments by airport authorities toward new...