Akasa Could Help Boeing Change Market Perception in India

Akasa is expected to start services by the summer of 2022. Being an ultra-low-cost airline, it will be in competition with other domestic Indian airlines such as IndiGo and SpiceJet.

Highlights

  • Akasa, an upcoming ultra-low-cost airline in the Indian market is going to start services next year.
  • The airline could shake hands with Boeing for a large aircraft deal worth around $10 billion.
  • Akasa might place an order of 70 to 80 Boeing 737 Max jets.

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Akasa Airline

Akasa, an upcoming ultra-low-cost airline in the Indian market is going to start services next year. For the same, the airline would need to get new aircraft. According to an ET report, the airline could shake hands with Boeing for a large aircraft deal worth around $10 billion. Akasa might place an order of 70 to 80 Boeing 737 Max jets which will be a big dent in the market dominance that Airbus has created in India.

People aware of the matter told the publication that the announcement regarding the same could be made as early as November 14, 2021, in the Dubai Airshow. It is worth noting that this is the same aircraft that was banned from flying in 2019 following two crashes in short intervals.

This means that the demand for the aircraft would be fairly lesser. It would give Akasa leverage to get the aircraft from Boeing at more affordable rates. While the order could be worth around $10 billion, it is worth noting that with such large orders come big discounts as well.

Akasa is expected to start services by the summer of 2022. Being an ultra-low-cost airline, it will be in competition with other domestic Indian airlines such as IndiGo and SpiceJet.

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Tanay hails from Bilaspur, Chattisgarh and is a sports and fitness enthusiast. Reading and writing is something which comes to him out of love for the web of magic that words can create.

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