Indian low-cost airline Akasa Air is about to finalize an order for over 150 Boeing 737 MAX narrowbody aircraft, marking the company’s most recent attempt to capitalize on the expanding travel industry in the fastest-growing aviation sector globally.
Contract negotiations are ongoing, and an announcement about the agreement is anticipated at Wings India, the nation’s largest civil aviation event set for January 18–21.
Since it began operations in 2022, Akasa, the newest airline in India, has gained 4% of the market share, compared to IndiGo’s 60% and the combined 26% of Tata Group airlines.
Without providing any specifics, its Chief Commercial Officer Praveen Iyer informed the Indian publication Business Line in December that Akasa intended to reveal a three-digit aircraft purchase in the first half of 2024.
Currently operating a fleet of about twenty planes, the airline only conducts domestic flights. It lost market share last year after a quarter of its pilots abruptly left, as it had warned that this would result in fewer flights. Since then, it has stated that there is a problem.
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The narrowbody Boeing aircraft that Akasa is ordering are designed to enable it to fly from India to neighboring foreign locations such as Southeast Asia and the Middle East, and their purchase is intended to support the company’s domestic and worldwide expansion.
Indian airlines are attempting to keep up with the unprecedented demand for air travel that has arisen since the COVID-19 pandemic, shattering industry records as fewer production slots become available and aircraft manufacturers are finding it difficult to reach their production targets.
