Akasa Airline to order 100 Boeing 737 MAXs?
The upcoming ultra-low-cost carrier Akasa Air backed by Indian investor Rakesh Jhunjhunwala is reportedly in negotiations with Boeing to purchase a hundred 737 MAX aircraft.
“The company, in its discussion with regulators, has said it has made significant progress in negotiations with Boeing to acquire the 737 MAX and intends to start operation by early 2022,” a source close to the matter told moneycontrol. “For that purpose, the government needs to recertify the aircraft.”
Akasa’s biggest investor Jhunjhunwala told Bloomberg that he had initially considered investing $35 million into the airline venture with the ambition of having a 70-aircraft fleet.
The Boeing 737 MAX reportedly costs $125 million per unit at list price, with associated discounts up to 50% in a bulk order.
"We always seek opportunities and talk with current and potential customers about how we can best support their fleet and operational needs," Boeing told Business Standard.
Vinay Dube, the former chief executive of Jet Airways, and Aditya Ghosh, the former president of IndiGo, are set to join Akasa's executive board with the backing of Indian investor-tycoon Rakesh Jhunjhunwala.
Russia loses seat at ICAO council. What now?
Accused of breaching the rules of the Chicago Convention on international aviation, Russia failed to collect enough vote...
World Vegetarian Day: Around the world in eight vegetarian in-flight meals
To celebrate World Vegetarian Day 2022 (October 1), AeroTime takes you around the world in eight vegetarian in-flight me...
Face masks no longer required on Air Asia Malaysia flights
Air Asia Malaysia passengers no longer need to wear face masks on board after the government changed its guidance ...