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Founded | December 2021 | ||||||
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Commenced operations | 7 August 2022 | ||||||
Operating bases | |||||||
Fleet size | 24 | ||||||
Destinations | 22[3] | ||||||
Parent company | SNV Aviation Pvt. Ltd | ||||||
Headquarters | Mumbai, Maharashtra, India[4] | ||||||
Key people | |||||||
Revenue | ₹698 crore (US$84 million) (FY 2022-23)[6] | ||||||
Profit | ₹−744 crore (US$−89 million) (FY 2022-23) | ||||||
Website | www |
Akasa Air, a brand of SNV Aviation Private Limited,[7] is an Indian low-cost airline headquartered in Mumbai, Maharashtra, India.[8] It was founded by Vinay Dube and Aditya Ghosh with investor Rakesh Jhunjhunwala holding a 46% stake in the airline.[9][10]
The airline began commercial operation with its first flight service from Mumbai to Ahmedabad on 7 August 2022, after receiving its first Boeing 737 MAX 8 aircraft.[11] The CEO of the airline, Vinay Dube, stated that the airline will have a fleet size of approximately 72 aircraft within 5 years.[12] He stated that the airline will initially have services from metro cities to tier-2 and tier-3 cities, as well as operating flights to major cities across India.[13] The airline currently has 24 aircraft flying to 22 destinations, with an order for additional 202 aircraft.[14][15]