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☆ India's aviation infrastructure should keep pace with aircraft orders for next 7 years: Akasa Air
▼ + stars: | 2024-06-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIndia's aviation infrastructure should keep pace with aircraft orders for next 7 years: Akasa AirVinay Dube of the airline says that's not a statement it could've made five to seven years ago.

Persons: Vinay Dube, that's, could've

☆ CNBC's Inside India newsletter: Modi's loss could be India's gain
▼ + stars: | 2024-06-06 | by ( Ganesh Rao | ) www.cnbc.com time to read: +7 min

Indian Prime Minister Narendra Modi gestures, at the Bharatiya Janata Party (BJP) headquarters in New Delhi, India, June 4, 2024. Adnan Abidi | ReutersThis report is from this week's CNBC's "Inside India" newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. Far from rewarding Prime Minister Narendra Modi's party with a supermajority — as polls had predicted — Indians elected 240 BJP lawmakers to India's 543-seat Parliament, which falls short of a simple majority for Modi's party. However, as the largest party, the BJP will form a coalition government thanks to its alliance with smaller parties ahead of the elections. This "radical transformation" is expected to lead to a significantly more efficient economy and help India's currency, according to Sullivan.

Persons: Narendra Modi, Adnan Abidi, Narendra Modi's, Modi, Gavekal, Tom Miller, Udith Sikand, Malcolm Dorson, Aastha Gudwani, who's, India's, Morgan, Ridham Desai, Will, Goldman Sachs, Abhiram Eleswarapu, Eleswarapu, Tanvir Gill, Sri Jegarajah, Sumathi Bala, Seema Mody, Amala Balakrishner, Vinay Dube, could've, James Sullivan, Sullivan Organizations: Indian, Bharatiya Janata Party, BJP, Reuters, CNBC, Global, of America, Gavekal Research, India Active, BNP, CNBC Pro, JPMorgan, U.S . Federal Locations: New Delhi, India, CNBC's

☆ Akasa Air CEO explains why it chose Boeing over Airbus
▼ + stars: | 2024-01-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAkasa Air CEO explains why it chose Boeing over AirbusVinay Dube, CEO of the Indian low-cost airline, discusses its decision to order 150 Boeing 737 Max planes, and says its decision to have an "all-Boeing fleet for the foreseeable future" is not only a strategy to keep costs down.

Persons: Airbus Vinay Dube Organizations: Akasa, Boeing, Airbus

HYDERABAD, India (AP) — India’s newest airline will buy 150 Boeing 737 Max aircraft, in the first major announced sale for the manufacturer since a panel blew out of another Max model in midflight earlier this month, the airline announced Thursday. Akasa Air CEO Vinay Dube announced the order of the Boeing 737 Max 10 and 737 Max 8-200 planes at an airshow in the southern Indian city of Hyderabad. It currently operates a fleet of 22 Boeing 737 Max 8 and Max 8-200 planes. Political Cartoons View All 253 Images“This milestone demonstrates the strength of our partnership with Akasa Air," Boeing Chief Operating Officer Stephanie Pope said in a statement. Air India, IndiGo, SpiceJet, Vistara, Air India Express and Akasa Air are among India's main airlines.

Persons: Vinay Dube, Max, Dube, Stephanie Pope Organizations: Boeing, Max, Akasa, Alaska Airlines Boeing, Air, Air India Express Locations: HYDERABAD, India, Indian, Hyderabad, Portland , Oregon, South Asia, Air India, Vistara

☆ Akasa Air: Boeing gets some good news as Indian airline orders 150 737 Max jets
▼ + stars: | 2024-01-18 | by ( Diksha Madhok | ) edition.cnn.com time to read: +3 min

India’s newest airline is purchasing 150 Boeing 737 Max aircraft, in the first major order the troubled planemaker has announced since the dramatic Alaska Airlines incident in which part of the fuselage of a 737 Max 9 fell off mid-flight. Akasa Air has ordered the 737 Max 10 and 737 Max 8-200 aircraft to be delivered through 2032, the airline said at an event in the southern Indian city of Hyderabad. On Wednesday, the US Federal Aviation Administration said it was expanding its probe to include Spirit AeroSystems (SPR), which builds the fuselage of the 737 Max 9. Akasa Air, which was launched in 2022, is not the only Indian carrier that is buying a lot of Boeing planes. Last year, Air India said it would buy 220 Boeing planes.

Persons: planemaker, Max, ” Stephanie Pope, Ethopia, Antony Blinken, Vinay Dube, ”, Joe Biden, Narendra Modi Organizations: New, New Delhi CNN, Boeing, Max, Akasa, Alaska Airlines, US Federal Aviation Administration, Economic, Air, Indian Locations: New Delhi, Alaska, Indian, Hyderabad, Portland , Oregon, Indonesia, Wells, Washington, Davos, Switzerland, India, Air India

[1/2] A miniature airplane is placed on the displayed Air India Express and Akasa Air logos, in this illustration taken October 30, 2023. Akasa did not comment on its communication with Air India, but said the issue of pilot exits was "now behind us ... we are squarely back in growth mode". Air India declined to comment and the two chief executives did not respond to requests for comment. The dispute comes at the time of a hiring spree by Air India, with its arm, Air India Express, seeking to more than triple its fleet to 170 over five years. In recent weeks, Akasa has lost about a tenth of its 450 pilots, who left without serving out notice periods, some to join Air India Express.

Persons: Dado Ruvic, Campbell Wilson, Vinay Dube, missive Dube, Akasa, Wilson, Dube, India's Wilson, Aditya Kalra, Aditi Shah, Clarence Fernandez Organizations: Air India Express, REUTERS, Tata's, India Express, Air, Akasa, Reuters, Air India, Tata Group, Tata, of Indian Pilots, Thomson Locations: India, DELHI, Air India

Akasa told the court it cancelled 600 flights in August and would be forced to cancel up to 700 more in September if the resignations continue, the person added. Akasa has dragged the pilots, many of whom have joined rival Air India Express, to court and initiated legal proceedings against the aviation regulator to enforce the notice period. The notice period ranges between 6-12 months, depending on the pilot's rank, according to the aviation regulator. "All our actions are aimed at creating a durable and reliable airline for the long run," Akasa said in a statement. "Akasa is a well-run airline with strong finances and a solid plan," he said.

Persons: Vinay Dube, Akasa, Dube, Aditya Ghosh, Aditi Shah, Varun Vyas, Aditya Kalra, Louise Heavens, Christian Schmollinger, Kim Coghill, Bernadette Baum Organizations: Akasa, Air India Express, IndiGo, country's, Tata, Air India, Go Air, Boeing, Thomson Locations: DELHI, Delhi

☆ India's Akasa to place large plane order in 2023, eyes international growth
▼ + stars: | 2023-02-16 | by ( Aditi Shah | ) www.reuters.com time to read: +2 min

NEW DELHI, Feb 16 (Reuters) - India's Akasa Air will place a "substantially" large order for new narrowbody jets this year, as the start-up budget airline looks to capitalise on booming demand at home and begin international flights, its chief executive told Reuters. The 200-day-old airline has taken delivery of 17 Boeing (BA.N) 737 MAX planes out of a total order of 72 jets to be delivered by March 2027. The new order will be for narrowbody planes, said Akasa's founder, a former chief executive of now-grounded, bankrupt full-service carrier Jet Airways (JET.NS). Indian airlines are forecast to order 1,500 to 1,700 planes over the next couple of years, according to consultancy CAPA India, including a likely 500 plane order from Akasa rival IndiGo (INGL.NS), the country's biggest airline. "The demand in India as a whole is going to continue to grow and grow and grow."

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