AgenciesAmerican plane maker Boeing and Akasa Air, India’s newest Indian airline-to-be Tuesday announced the carrier has ordered 72 737 MAX airplanes.
ET had on July 28 reported the airline, majority owned by ace investor Rakesh Jhunjhunwala, would order about 70 Boeing planes.
The order is valued at nearly $9 billion at list prices.
“We believe that the new 737 MAX airplane will support our aim of running not just a cost-efficient, reliable and affordable airline, but also an environmentally friendly company with the youngest and greenest fleet in the Indian skies,” said CEO Vinay Dube.
"India is one of the fastest-growing aviation markets in the world with an unparalleled potential. We are already witnessing a strong recovery in air travel, and we see decades of growth ahead of us,” he added.
Akasa Air’s order includes two variants from the 737 MAX family, including the 737-8 and the high-capacity 737-8-200.
India needs for more than 2,200 new airplanes in South Asia valued at nearly $320 billion over the next 20 years, according to Boeing’s 2021 Commercial Market Outlook forecast
Akasa is an initiative of Dube and his colleagues Praveen Iyer, chief commercial officer and head of technology Anand Srinivasan and counts former IndiGo president Aditya Ghosh as a co-founder. It received a no-objection certificate, the first government approval on October 11 and aims to start operations in the middle of 2022.
ET had on July 28 reported the airline, majority owned by ace investor Rakesh Jhunjhunwala, would order about 70 Boeing planes.
The order is valued at nearly $9 billion at list prices.
“We believe that the new 737 MAX airplane will support our aim of running not just a cost-efficient, reliable and affordable airline, but also an environmentally friendly company with the youngest and greenest fleet in the Indian skies,” said CEO Vinay Dube.
"India is one of the fastest-growing aviation markets in the world with an unparalleled potential. We are already witnessing a strong recovery in air travel, and we see decades of growth ahead of us,” he added.
Akasa Air’s order includes two variants from the 737 MAX family, including the 737-8 and the high-capacity 737-8-200.
India needs for more than 2,200 new airplanes in South Asia valued at nearly $320 billion over the next 20 years, according to Boeing’s 2021 Commercial Market Outlook forecast
Akasa is an initiative of Dube and his colleagues Praveen Iyer, chief commercial officer and head of technology Anand Srinivasan and counts former IndiGo president Aditya Ghosh as a co-founder. It received a no-objection certificate, the first government approval on October 11 and aims to start operations in the middle of 2022.
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