Wednesday, August 23, 2023

Akasa Air to expand operations in SAARC and Middle East: Co-founder Aditya Ghosh

Speaking on the sidelines of the 19th Motilal Annual Global Investor Conference Akasa Air's co-founder Aditya Ghosh spoke to CNBC TV18 about the company's booming growth and the airline's plans to expand internationally.

When asked about the company's recent order of 72 aircraft and its plans to scale up its capacity, Ghosh spoke at length about additions to Akasa's fleet and how it would help in catering to the 'burgeoning demand' for air travel.

"We are in the midst of finalising an order for another triple-digit order so let's take a minimum order of at least 100. That's 176 aeroplanes that will be on order before this year is out and we think that's going to cater for this massive burgeoning demand in the aviation sector for the long period to come," Ghosh said.

Ghosh also spoke about how the airline doesn't currently have any internal guidelines or any internal targets in terms of market share and that he believes that offering 'affordable fares consistently' to customers will ensure a growth in market share automatically.

"I think what's important is to make sure that you run a ferociously low-cost structure, which helps you offer affordable fares consistently to your customers. And customers like the efficiency and the friendliness and market share grows automatically," Ghosh said.

23/08/2023 Moneycontrol

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