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Time of India
4 days ago
- Business
- Time of India
Akasa Air announced flights from Navi Mumbai airport
Mumbai/New Delhi: Akasa Air will operate flights from day one of the opening of the Navi Mumbai International Airport (NMIA). The airport is likely to start operations from the end of Aug. The airline will start with 15 daily domestic flights and increase the number to over 40 domestic plus 8-10 international flights by next summer, said Akasa founder-CEO Vinay Dube and co-founder and chief commercial officer Praveen Iyer on Friday. "Between our 32 daily flights at Mumbai CSMIA and NMIA, we will have over 80 daily flights (both domestic and international) by next summer from the Mumbai Metropolitan Region (MMR). By the financial year 2027, we will have 10 aircraft based at NMIA," said Iyer. Akasa will operate over 100 weekly domestic departures initially, scaling up to over 300 domestic and 50 international departures weekly in the winter schedule, the airline said in a press statement. The winter schedule runs from the end of Oct to the end of March. "As part of its broader network strategy, the airline is also set to ramp up to 10 parking bases by the end of FY2027, with a focused international expansion into key Middle Eastern and Southeast Asian markets," it added. Last month, IndiGo became the first airline to announce flights from the new airport with a total of 36 domestic departure and arrival flights connecting 15 cities from day one. By Nov, IndiGo will increase its flight frequency to 79 daily departures (158 flights per day, including arrivals). These will include 14 international departures, the airline said. Meanwhile, the Mumbai airport, which handles about 920 flights a day, will continue to handle both domestic and international flights. A few months from now, when ticket booking for flights operated to and from the Navi Mumbai airport opens, passengers will get to choose between the two airports. In phase 1, NMIA will handle 20 million passengers and 0.5 million metric tonnes (MMT) of cargo annually, with ultimate capacity expanding to 90 million passengers and 3.2 MMT of cargo in the final phase. Currently, a notice issued by the country's air navigation provider, the Airports Authority of India (AAI), states that the Navi Mumbai airport runway will remain non-functional until Aug 6. Sources said another notice extending the closure by a few more months is likely to be issued in Aug. Get the latest lifestyle updates on Times of India, along with Eid wishes , messages , and quotes !
Time of India
4 days ago
- Business
- Time of India
‘Akasa to start flights from Navi Mumbai Airport the day it gets operational:' Founder-CEO Vinay Dube
'Akasa to start flights from Navi Mumbai Airport the day it gets operational:' Founder-CEO Vinay Dube NEW DELHI: Akasa will operate flights out of Navi Mumbai from Day One of Navi Mumbai International Airport (NMIA) opening later this year, with the likely date as of now expected sometime in August-end. The airline will start with 15 daily domestic flights and ramp up the number to over 40 domestic plus 8-10 international by next summer, said Akasa founder-CEO Vinay Dube and co-founder CCO Praveen Iyer on Friday. 'Between our 32 daily flights at Mumbai CSMIA and NMIA, we will have over 80 daily flights (both domestic and international) by next summer from the Mumbai Metropolitan Region (MMR). By FY 2027, we will have 10 aircraft based at NMIA,' said Iyer. Dube Friday signed an agreement with Adani Airport Holdings Ltd (AAHL) to commence commercial flights from the upcoming NMIA. AAHL CEO Arun Bansal said, 'We are pleased to welcome Akasa Air as one of the inaugural airline partners at NMIA. Their rapid growth and forward-looking approach make them an ideal partner in NMIA's journey to becoming a key domestic and international hub. Our collaboration aims to offer a seamless and enhanced travel experience for millions, with NMIA playing a central role in reshaping Mumbai's air connectivity ecosystem. ' Vinay Dube said, 'No airline in India will have a larger percentage of its fleet and operations based out of NMIA than Akasa Air. Enhanced connectivity from Navi Mumbai will not only strengthen our network in the western region but also help fuel India's economic engine by improving connectivity, stimulating regional development, and ensuring that the benefits of aviation-led growth reach every corner of the country. ' Akasa Air will operate over 100 weekly domestic departures initially from NMIA, scaling up to 300-plus domestic and over 50 international departures weekly in the winter schedule. The airline is also set to ramp up to 10 parking bases by the end of FY2027, with a focused international expansion into key Middle Eastern and Southeast Asian markets. In its initial phase, NMIA will handle 2 crore passengers and 0.5 million metric tonnes (MMT) of cargo annually, with ultimate capacity expanding to 9 crore passengers and 3.2 MMT of cargo. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Economic Times
16-05-2025
- Business
- Economic Times
Akasa Air to spread its wings to Southeast Asia
The airline in 2022 placed an initial order for 72 Boeing 737 Max aircraft and later added four more planes to the order. In January, it followed it up with an order for another 150 aircraft of the same variant. But the deliveries got delayed, with a slowdown in Boeing's production amid increased scrutiny from regulators, airlines and lawmakers following a January incident when a door plug blew off a plane. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads NEW DELHI: Akasa Air , which has a 5% market share in India's domestic air traffic , is planning to ramp up expansion in this financial year after a year of slow growth. This will include the launch of flights to Southeast Asia, a top destination for outbound Indian airline that flies a fleet solely of Boeing planes has faced challenges in expanding operations amid an aircraft shortage."The good news is the worst is behind the supply. The constraints seem to have been addressed to a large extent. Boeing had a peculiar issue and that's resolved, which is good news," Akasa chief commercial officer Praveen Iyer told ET."As a result, we, it appears, will be on track for more deliveries this year and we are happy with how the deliveries are scheduled for the rest of the year." The airline, he said, is looking to expand available seat kilometres by 30-40%. This metric shows the passenger-carrying capacity of an airline in 2022 placed an initial order for 72 Boeing 737 Max aircraft and later added four more planes to the order. In January, it followed it up with an order for another 150 aircraft of the same variant. But the deliveries got delayed, with a slowdown in Boeing's production amid increased scrutiny from regulators, airlines and lawmakers following a January incident when a door plug blew off a said the airline will aggressively expand on international routes and launch flights to Southeast Asia soon."We have been consistently adding capacity on the international markets. Over the next several months you will see us making some announcements about addition of flights to Far East destinations," Iyer said the two new airports in Delhi and Mumbai - Noida and Navi Mumbai - will be a catalyst for growth of flight connections from India's two largest cities."Two of the most critical markets have been slot constrained for quite some time now. I see it as a proxy to Delhi which has been capacity constrained and the other airport is Navi Mumbai, which has been a proxy to Mumbai which has been capacity constrained as well. So, considering that there are new spaces opening up at Delhi and Mumbai, we will see much more increase in growth," Iyer said.
Time of India
16-05-2025
- Business
- Time of India
Akasa Air plans Southeast Asian expansion as Boeing problem eases
Akasa Air is gearing up for a major expansion this fiscal year, after a year of muted growth, buying planes and expanding flight operations to new regions. The low-cost carrier currently contributes 5% to India's domestic traffic. The airline plans to launch international flights to one of the most sought-after regions for Indian travellers, southeast Asia. However, having only Boeing planes in its fleet, the group has faced challenges to expand operations as the manufacturer has been going through a production slump. Akasa chief commercial officer Praveen Iyer told ET, "The constraints seem to have been addressed to a large extent. Boeing had a peculiar issue and that's resolved, which is good news." 'The good news is the worst is behind the supply,' Iyer added. He further added that they will be back on track for more deliveries this year, 'we are happy with how the deliveries are scheduled for the rest of the year.' In the upcoming months, Akasa is aiming to increase its available seat kilometres, a key measure of airline capacity, by 30–40%. The Boeing problem Akasa had initially ordered 72 Boeing 737 Max aircraft in 2022 and later added four more to that order. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Trending in in 2025: Local network access control [Click Here] Esseps Learn More Undo In January this year, it placed an additional order for 150 aircraft of the same type. However, deliveries were delayed after Boeing faced intensified scrutiny from regulators and airlines following a mid-air incident in January involving a door plug detachment. As the production issues are gradually resolving, Akasa now plans to ramp up its international presence. 'We have been consistently adding capacity on the international markets. Over the next several months you will see us making some announcements about addition of flights to Far East destinations,' Iyer said. He also highlighted that the upcoming Noida and Navi Mumbai airports will be game-changers for international connectivity from India's busiest aviation hubs. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
15-05-2025
- Business
- Time of India
Akasa Air to spread its wings to Southeast Asia
NEW DELHI: Akasa Air , which has a 5% market share in India's domestic air traffic , is planning to ramp up expansion in this financial year after a year of slow growth. This will include the launch of flights to Southeast Asia, a top destination for outbound Indian travellers. The airline that flies a fleet solely of Boeing planes has faced challenges in expanding operations amid an aircraft shortage. "The good news is the worst is behind the supply. The constraints seem to have been addressed to a large extent. Boeing had a peculiar issue and that's resolved, which is good news," Akasa chief commercial officer Praveen Iyer told ET. "As a result, we, it appears, will be on track for more deliveries this year and we are happy with how the deliveries are scheduled for the rest of the year." The airline, he said, is looking to expand available seat kilometres by 30-40%. This metric shows the passenger-carrying capacity of an airline. The airline in 2022 placed an initial order for 72 Boeing 737 Max aircraft and later added four more planes to the order. In January, it followed it up with an order for another 150 aircraft of the same variant. But the deliveries got delayed, with a slowdown in Boeing's production amid increased scrutiny from regulators, airlines and lawmakers following a January incident when a door plug blew off a plane. Iyer said the airline will aggressively expand on international routes and launch flights to Southeast Asia soon. "We have been consistently adding capacity on the international markets. Over the next several months you will see us making some announcements about addition of flights to Far East destinations," Iyer said. Iyer said the two new airports in Delhi and Mumbai - Noida and Navi Mumbai - will be a catalyst for growth of flight connections from India's two largest cities. "Two of the most critical markets have been slot constrained for quite some time now. I see it as a proxy to Delhi which has been capacity constrained and the other airport is Navi Mumbai, which has been a proxy to Mumbai which has been capacity constrained as well. So, considering that there are new spaces opening up at Delhi and Mumbai, we will see much more increase in growth," Iyer said.
