New Delhi: India’s aviation industry is going through tough times with the sudden closure of Wadia Group’s airline GoFirst. The impact was seen in the form of shortage of seats and air fares during the summer holidays. Now Akasa Airline Air, the late Rakesh Jhunjhunwala’s leading investor of the country, is ready to meet this shortcoming. Akash Air is gearing up to expand its reach in India soon. While it is going to start international flights soon.
Akasa Air Chief Executive Officer (CEO) Vinay Dubey has said that the airline is not short of capital. They have enough money to order planes in triple digits by the end of this year. He further said that airlines have the potential to grow very quickly. An airline can start international operations when it has 20 aircraft in its fleet. Akasa Air is going to complete one year of operations next month. Regarding this, Dubey said that we have lived up to our expectations.
The airline has ordered 76 Boeing aircraft. Talking about the airline, Dubey said, “I don’t think we will grow a bit faster or a bit slower.” We want stability. We want to build an airline that stands the test of time. According to the information, Akasa Air’s domestic market share was 4.8 percent in May. He said the next 20 years are going to be a “golden age for aviation” and the country will have around 2,000 aircraft and more airports in the next 15 to 20 years. “We are very happy with the level we are at,” Dubey said. I think there is a lot of growth going on.