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Akasa Air plans its expansion in the cutthroat Indian aviation industry.

Akasa Air plans its expansion in the cutthroat Indian aviation industry.

By Kajal Sharma - 29 Jan 2024 10:05 AM

Anand Srinivasan, Chief Information Officer of Akasa Air, discusses the airline's growth strategies and insights during a Masters' Union business school session. According to Srinivasan, Akasa Air is taking cues from market leader IndiGo and giving operational procedures precedence above short-term worries about market dominance.Srinivasan underlined that Akasa Air's market share would depend on the size of the fleet in the upcoming years, highlighting the airline's order of 76 aircraft and the delivery of 20 of them thus far. With the latest order for 150 more Boeing 737 MAX aircraft, the fleet size is predicted to reach above 200.

Speaking to the strong demand in India's aviation industry, Srinivasan said that the problem is supply limitations brought on by airports, infrastructure, laws, and capital availability.In reference to the competition with IndiGo, Srinivasan expressed appreciation for IndiGo's profitable business model while acknowledging that a confrontation was inevitable. Though he expressed the desire to take on IndiGo head-on in the future, he compared Akasa Air to a “little pesky mosquito” at the moment.Even though IndiGo recently made a sizable order with Airbus for 500 A320s with the goal of doubling the size of its fleet by 2030, Srinivasan is still optimistic about Akasa Air's ability to efficiently and professionally compete in the changing aviation market.

 

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