Akasa plans 50 departures from Navi Mumbai: CEO
Akasa Air is set to operate 50 flights from the upcoming Navi Mumbai airport, with an initial 15 departures including both domestic and international routes. CEO Vinay Dube anticipates Akasa Air having the largest percentage of its network based out of the new airport.
Tired of too many ads?
Remove Ads
Tired of too many ads?
Remove Ads
Mumbai: Akasa Air plans to operate 50 flights from the upcoming Adani-backed Navi Mumbai airport , starting off with about 15 departures which will be a combination of both domestic and international, said Vinay Dube , its chief executive officer.The Navi Mumbai airport is expected to open by the end of August, although the exact date is yet to be finalised. Dube claimed Akasa Air would be the airline with the most number of flights from there."I'm sure there'll be others, but I don't believe there'll be any other airline in India, or in fact the world, that would have a larger percentage of their network based out of Navi Mumbai Airport as compared to Akasa," Dube told reporters at a virtual roundtable on Friday.Arun Bansal, CEO of Adani Airports Holdings Limited , said in a press statement, "Their rapid growth and forward-looking approach make them an ideal partner in NMIA's journey to becoming a key domestic and international hub."Budget carrier Akasa operates some 32 flights from Mumbai daily. "In Mumbai, we have close to 32 departures today and Navi Mumbai, we expect to take that up to about 75 to 80 odd departures as we exit winters. That's how significant this is for us," said Dube.The airline will continue to maintain these flights with "no plans to consolidate operations", Dube said. The carrier will also focus on connecting tier-II cities through its Navi Mumbai hub.Akasa Air is the second airline to sign an agreement with Navi Mumbai airport. IndiGo , which will be the first to commence flights from the new airport, plans to start with over 18 daily departures to 15 cities from day one of the airport's opening and aims to increase operations to 79 departures by November.Akasa Air will start with over 100 weekly domestic departures, scaling up to more than 300 domestic and 50 international departures per week in the winter schedule. The airline plans to expand to 10 parking bases by the end of FY27, focusing on international growth in key Middle Eastern and Southeast Asian markets.Dube said the airline will have a mix of prime slots as well as slots spread across the day.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)
Business Standard
26 minutes ago
- Business Standard
'Racist, hostile and against global law': Iran slams Trump's travel ban
Iran has lashed out at the United States (US) over a sweeping travel ban that targets Iranian nationals and citizens from 11 other countries, mostly Middle Eastern and African. The move, Tehran says, is rooted in a "supremacist and racist mentality" and reflects Washington's enduring animosity toward Muslims, reported The Guardian. The criticism follows a fresh executive order signed on Wednesday by US President Donald Trump, reviving controversial travel restrictions that echo his first-term policy. The decision, according to US officials, was based on national security concerns—coming just days after a firebomb attack at a pro-Israel rally in Colorado that left over a dozen injured. The suspect was later identified as an Egyptian man who had overstayed his US tourist visa. But Iran isn't buying the justification. Alireza Hashemi-Raja, director General for the Affairs of Iranians Abroad at Iran's Foreign Ministry, issued a statement on Saturday, calling the measure 'a clear sign of the dominance of a supremacist and racist mentality among American policymakers.' Describing the order as 'discriminatory,' Hashemi-Raja said the travel restrictions undermine basic human rights and violate fundamental principles of international law. 'The decision indicates the deep hostility of American decision makers towards the Iranian and Muslim people,' he said, warning that such policies could trigger international legal consequences for the US government. The new restrictions, which will come into effect on June 9, also apply to nationals of Iran, Afghanistan, Myanmar, Chad, Congo-Brazzaville, Equatorial Guinea, Eritrea, Haiti, Libya, Somalia, Sudan, and Yemen. A partial ban has also been placed on travellers from seven additional countries, although their names have not been publicly disclosed. Relations between Iran and the US have remained frosty for decades, especially since diplomatic ties were severed following the 1979 Islamic Revolution. While political tensions have persisted, the human connection remains significant—the US is home to the largest Iranian community outside of Iran. According to Iran's foreign ministry, around 1.5 million Iranians lived in the US as of 2020.
Economic Times
an hour ago
- Economic Times
Lenskart changes status to public company in preparation for $1 billion IPO
ETtech Piyush Bansal, CEO, Lenskart Omnichannel eyewear brand Lenskart has converted itself into a public company as it prepares for a public listing, changing its registered name from Lenskart Solutions Private Limited to Lenskart Solutions Limited through a special resolution passed by its shareholders. This comes at a time when Lenskart is considering raising a $1 billion public offering at a potential $10 billion valuation, double that of its last funding round. The transition to a public company is a necessary step before filing its IPO papers. The Gurugram-based company closed a $200 million secondary round in June last year at a $5 billion valuation, with investments from Singapore's sovereign fund Temasek and US financial services giant Fidelity. In July 2024, Lenskart founders Peyush Bansal, Neha Bansal, Amit Choudhary, and Sumeet Kapahi had invested almost $20 million in the company. On February 17, ET reported that the company has set its sights on filing draft papers in May, contingent on market conditions. However, the omnichannel eyewear retailer is yet to file its draft papers. Lenskart, which won the ET Startup Awards last year, has hit an annual revenue run rate of $1 billion (Rs 8,400 crore). The company produces 25 million frames and 30–40 million lenses annually and operates over 2,500 stores across India and Southeast Asia, maintaining a strong online presence. Lenskart's conversion into a public company was first reported by the news website Entrackr. With this, the SoftBank-backed company joins startups like Shiprocket, Zetwerk, PhysicsWallah, Boat, Bluestone, and others that are preparing for IPOs. Since its inception, Lenskart has closed nearly $2 billion in funding, including secondary FY24, Lenskart's net loss shrank to Rs 10 crore from Rs 64 crore in FY23, which the company attributed to technology-driven operational efficiencies. Operating revenue rose 43% to Rs 5,428 crore, while earnings before interest, taxes, depreciation, and amortisation (Ebitda) more than doubled to Rs 856 crore. It is yet to file financial statements for 2024-25 with the Registrar of Companies (RoC).
Time of India
2 hours ago
- Time of India
'Supremacist and racist mentality': Iran slams US travel ban; cites 'deep hostility towards Muslims'
Iran on Saturday condemned the US travel ban targeting Iranians and citizens of 11 other mostly Middle Eastern and African countries, calling it a reflection of a "supremacist and racist mentality. " These remarks came following US President Donald Trump 's executive order reinstating broad travel restrictions, citing national security concerns after a recent firebomb attack at a pro-Israel rally in Colorado. It is "a clear sign of the dominance of a supremacist and racist mentality among American policymakers," director general for the Department of Iranian Affairs Abroad at Iran's foreign ministry, Alireza Hashemi Raja said in a statement released by the ministry. He further stated that "US government's decision to ban Iranian nationals, solely based on their religion and nationality, not only reflects deep-seated hostility toward the Iranian people and Muslims but also constitutes a violation of fundamental principles of international law, including the prohibition of discrimination and basic human rights." The US travel restrictions, starting June 9, will apply to citizens of Iran, Afghanistan, Myanmar, Chad, Congo-Brazzaville, Equatorial Guinea, Eritrea, Haiti, Libya, Somalia, Sudan, and Yemen. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Trading CFD dengan Teknologi dan Kecepatan Lebih Baik IC Markets Mendaftar Undo Seven additional countries face partial restrictions. Hashemi-Raja further indicated that, "depriving hundreds of millions of people of the right to travel to another country solely based on their nationality or religion is an example of racial discrimination and systemic racism within the American ruling establishment." The ministry official noted the ban's discriminatory nature would "entail international responsibility for the US government", without providing details. The minister also declared that Iran would take all necessary steps to protect the rights of its citizens against the impact of the US government's discriminatory decision. Diplomatic relations between Iran and the US ended shortly after the 1979 Islamic Revolution, with tensions persisting since. The United States hosts the largest Iranian diaspora globally. Tehran's foreign ministry data shows approximately 1.5 million Iranians resided in the United States in 2020. Trump's directive followed Sunday's incident at the Colorado rally, where officials reported over a dozen injuries. The accused is an Egyptian national who remained after his tourist visa expired.
