Akasa Air’s listing not now
14-mth-old airline is looking at gathering a little more history before launching an IPO
I don’t think 2027 will be possible for a listing, but the listing is something that we definitely want to do. We may have to gather a little more history before we can list. Certainly, listing or an IPO is something that we would desire - Vinay Dube, CEO, Akasa Air
India’s newest airline Akasa Air, which is set to soon fly on international routes and will be placing a three-digit aircraft order, plans to list on the bourses by the end of the decade, its Chief Executive Officer (CEO) Vinay Dube told PTI.
The 14-month-old Akasa Air, which already operates more than 750 weekly flights across 16 domestic destinations, including Mumbai, Ahmedabad, Bengaluru and Delhi, is looking at gathering a little more history before launching an initial public offering (IPO), he said. The airline plans to start international services by the end of this fiscal and has placed a firm order for 76 Boeing 737 MAX aeroplanes, all of which will join its fleet by mid-2027.
Currently, Akasa Air has a fleet of 20 aircraft and is looking to place an order for three-digit aircraft before the end of 2023, he noted. Dube, the founder and CEO, said the airline is already generating free cash from operations and is well-funded for the new aircraft order it is going to place.
