Akasa Air Exceeded Its Targeted Fleet Strength Making Another Success In Their Records.

Akasa Air, which debuted in August of last year, outperformed its intended fleet size, completing the 3rd month of 2023 with 19 aircraft compared to the planned 18 and a market share of 3%. By the middle of 2027, there will be 72 aircraft, up from 12 to 16 from the following year. 

Following are some of the detailed insights about Akasa Air.

Can ChatGPT contribute to Akasa Air’s operations?

Before using anything, a corporation must think about what is proper and how to incorporate these into operations. They need to undertake further research to determine if they can accept ChatGPT. Therefore, according to insight from the company spokesperson, if required, the company is ready to invest in any new technology, even in the aviation sector. They are open to new technology that emphasises the elemental ideals of employee and customer happiness.

Akasa Air has mentioned ordering more planes in the past. Is there any kind of enhanced changes?

In 2022, Akasa Air discussed two topics, i.e., they will have 18 aircraft by the end of March and should reach 72 in four years (by the middle of 2027). They have already reached 19; the other 53 will do the same. Hence, the company emphasized placing a big order and agreed to publicize it later.

Would the business continue to use the Boeing 737 Max, or do they have another strategy in mind?

The corporation will keep operating its narrow-body fleet and assert that they do not stray from its established core business strategy. They will make data revolving around the kind of aircraft the corporation will purchase while still in the evaluation phase.

Can this be taken as an indication that the option to select anything like the Airbus A320 is also comprehended?

The company are having talks with the producer(s). They will place the order this year, and deliveries may commence in 2027 when the current order is concluded.

Is there not even the slightest bias in choosing wide-body aircraft?

The company highlighted that it’s all thin bodies right now and nothing has changed from that plan. However, there is no such guarantee in this industry, so if it does reach that point, Akasa Air will decide what has to be done to the fleet.

How quickly can orders be made?

As per the company spokesperson, the announcements will be made around the conclusion of this year, probably. In that quarter, the corporation will release two announcements. One relates to the order for the aircraft, and the other to their aspirations to expand internationally.

What potential does Akasa Air see in the Indian market?

The domestic aviation sector in India is expanding at the highest rate worldwide. Even if one looks at a six-hour flight radius, which is how far a thin body can travel, it still appears that much of the population is underserved. There is a chance that an airline with a three-digit aircraft order may fly to India and the area 6 hours around it.

How will the business pay for this new order?

Considering the words of the company spokesperson, everything will be done in terms of sale and leaseback. The firm has only received sale and leaseback orders thus far.

It is anticipated that in 2023, the firm will begin operating flights outside of India, and its fleet is expanding. So, do the company still refer to itself as a startup?

The company spokesperson emphasises that the nascent stage has passed, and hence, they no longer want to be termed startups. The reason is that several carriers operating today have a fleet of 15 and have been around for a while. They’ve been operating for eight months, and their fleet is significantly bigger.

What international markets is Akasa Air looking for?

The company would have completed the application procedure, but it’s a process that necessitates analysing the economics of the routes you want to fly to. The choices require time. They must also take into the narrative the existence of current bilateral rights. The company would be happy to idolise the expansion of bilateral relations between India and Dubai. 

What if the Indian government is uncompromising in giving the Gulf more seats? Does the business have a backup plan in place?

Opportunities are available, says the company representative. There are many open sky preferences in India, and the business is still exploring them all.

How many extra planes and places will be introduced this year?

As per the company statistics, Akasa Air will reach 20 aircraft by May, 26–27 aircraft by March of the following year, and 12–16 aircraft each year for the following three years. They now travel to 14 destinations. By mid-May, they will add three more. The available slots determine the domestic schedule. Akasa Air is discussing potential starting points for their itineraries with several airports.

How many flights do Akasa Air now make each day?

Akasa Air operates 110 flights daily, but by the third week of May, that number will increase to 133-134. There will be 175–180 flights per day by FY24.

Disclosure.

Akasa Air has made a good name in the sky, and we can expect to get better air services from this company in future.