Akasa Air, backed by ace investor Rakesh Jhunjhunwala, unveiled first glimpse of its aircraft on May 23. It is India’s upcoming ultra-low-cost airline with greenest and youngest fleet.

Akasa, which was initiated with support from the late Indian billionaire Rakesh Jhunjhunwala, commenced operations nearly ...

That would mean Akasa will have roughly 54 planes by October 2026, though the airline had earlier estimated it would have 72 ...

Akasa is among many global airlines affected by Boeing's production issues, which have been worsened by regulatory scrutiny ...

What Happened: Akasa Air, backed by the deceased billionaire investor Rakesh Jhunjhunwala, also known as the Warren Buffet of India, is among the most affected by Boeing’s global delivery delays.

While Akasa’s revenue surged to $356 million last year, its losses widened to $194 million from $86 million the previous year. The airline holds just a 4.7% market share, significantly behind industry ...