Akasa Air, ultra-low-cost airline backed by Rakesh Jhunjhunwala, unveils first images

The airline shared images of its first buy on Twitter

FPJ Web DeskUpdated: Monday, May 23, 2022, 06:44 PM IST
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Ace investor Rakesh Jhunjhunwala-backed carrier is looking to have 18 planes in its fleet by the end of March 2023. | Twitter/@AkasaAir

Akasa Air has posted pictures of its first aircraft on Twitter. The airline released the photographs of its first Boeing 737 Max plane from the production facility in Portland, US.

The Rakesh Jhunjhunwala-backed low-cost airline could not contain its excitement at its first buy:

Ace investor Rakesh Jhunjhunwala-backed carrier is looking to have 18 planes in its fleet by the end of March 2023.

The low-cost carrier plans to offer commercial flights starting in the summer of 2022 and use its new fleet of 737s to meet the growing demand across India.

Akasa Air, which will take off as a low-cost carrier, has placed an order for 72 Boeing 737 MAX planes, which are fuel efficient.

Akasa Air got the no-objection certificate from the civil aviation ministry in October to start commercial flights, as per reports.

In 2021, the company ordered 72 Boeing's 737 Max aircraft and CFM LEAP-1B engines. CFM delivered its first CFM56 engines in the early 1990s, and by far nearly 600 engines are operated by airlines from the Indian subcontinent.

The purchase agreement, which included spare engines and long-term services agreement, was valued at nearly $4.5 billion.

In a statement, it said, "The airline recently reaffirmed its commitment of being on track to receive its first aircraft in India by mid-June and launch commercial operations in India by July 2022."

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