India’s newest startup airline, Akasa Air, has shown an interest in ordering up to 100 Boeing 737 MAXs. Backed by prolific investor Rakesh Jhunjhunwala, Akasa is in negotiations with Boeing to secure the MAX for its new narrowbody fleet. The airline is also in talks with regulators to recertify the 737 MAX in India, which remains grounded. Let’s find out more about this potential and why it will be a huge boost for Akasa and Boeing.
According to Moneycontrol, Akasa Air is currently negotiating with Boeing for an order of up to 100 737 MAX aircraft. While we know that the carrier is looking to purchase a 180-seater jet for its ultra-low-cost operations, betting on the 737 MAX is a big move by the carrier.
Akasa Air has been in the news recently and is backed by legendary investor Rakesh Jhunjhunwala. The airline will be run by industry veterans Aditya Ghosh (former CEO of IndiGo) and Vinay Dube (former CEO of Jet Airways and GoAir). This star power has many being optimistic about its plans in the crowded and notoriously low-yield market of India.
Akasa is looking to break into a crowded market of low-cost airlines in India. IndiGo is the market leader by far, with a share of over 50%, while the remaining field is split between SpiceJet, GoAir, and Air India (the full-service flag carrier). As another ultra-low-cost carrier, it will need to truly have a low-cost base to succeed. And the MAX might be the perfect aircraft to achieve this.
11/08/21 Pranjal Pande/Simple Flying
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