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India's Akasa Air sees Boeing deliveries picking up in coming years
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India's Akasa Air sees Boeing deliveries picking up in coming years
Jul 22, 2025 4:52 AM

NEW DELHI, July 22 (Reuters) - India's Akasa Air expects

a pick up in plane deliveries from Boeing ( BA ) over the coming

years and to reach its target for a fleet of 226 aircraft by

2032, up from 30 currently, chief financial officer Ankur Goel

said on Tuesday.

The airline expects available seat kilometers - a measure of

passenger-carrying capacity - to increase by more than 30% this

fiscal year, on top of 50% growth the year before.

Goel did not provide a year-by-year breakdown of deliveries,

but said they were expected to increase over the period, in a

press briefing in India's capital city.

Earlier this year, Reuters reported that Akasa Air's top

executives were privately criticising Boeing ( BA ) for delayed plane

deliveries and were scrambling to assuage hundreds of anxious

pilots who were idle without work.

The Mumbai-based low-cost airline, which started operations

about three years ago, has ordered 226 Boeing 737 MAX aircraft.

Deliveries have been delayed as the 737 MAX programme faced

regulatory scrutiny after a mid-air cabin panel blowout last

year and suffered the effects of a seven-week workers' strike.

Goel did not provide profit or revenue data for fiscal year

2024-25. The year before, Akasa's revenue quadrupled to $356

million, but its loss widened to $194 million from $86 million.

Akasa had a domestic market share of 5.3% in May, compared

with the combined 90%-plus commanded by leader IndiGo

and Air India Group.

Akasa, started with the backing of the late Rakesh

Jhunjhunwala, dubbed India's Warren Buffett, went on a hiring

spree and began international flights to Qatar and Saudi Arabia

within two years of its launch.

Despite challenges, Akasa in February raised an undisclosed

amount of new capital from Indian billionaire Azim Premji's

investment arm and Jhunjhunwala's family.

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