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.