Akasa Air will have a look at IPO in subsequent 2-5 years, says CEO Vinay Dube

Akasa Air will have a look at an preliminary public providing within the subsequent two to 5 years, its Founder and CEO Vinay Dube mentioned on Wednesday and asserted that the airline won’t chase “progress for the sake of progress”.

The airline, which began flying in August 2022, at present has a fleet of 30 planes.

Dube mentioned the airline is cash-positive and that the “financials are progressing in a means we’re happy”.

In keeping with him, the airline will have a look at an preliminary public providing within the subsequent two to 5 years.

In August, Akasa Air mentioned it had raised funds from buyers, together with Premji Make investments and Claypond Capital, and that the investments can be utilised primarily to broaden operations.

Dube was talking at a session on the Aviation India and South Asia 2025 convention within the nationwide capital.The airline’s home market share stood at 5.4 per cent in August, as per the most recent official knowledge.

In July, Akasa Air’s Chief Monetary Officer Ankur Goel mentioned the airline was enhancing its monetary efficiency, increasing capability and aiming to have 226 planes by the tip of 2032.

Akasa Air will have a look at an preliminary public providing within the subsequent two to 5 years, its Founder and CEO Vinay Dube mentioned on Wednesday and asserted that the airline won’t chase “progress for the sake of progress”.

The airline, which began flying in August 2022, at present has a fleet of 30 planes.

Dube mentioned the airline is cash-positive and that the “financials are progressing in a means we’re happy”.

In keeping with him, the airline will have a look at an preliminary public providing within the subsequent two to 5 years.

In August, Akasa Air mentioned it had raised funds from buyers, together with Premji Make investments and Claypond Capital, and that the investments can be utilised primarily to broaden operations.

Dube was talking at a session on the Aviation India and South Asia 2025 convention within the nationwide capital.The airline’s home market share stood at 5.4 per cent in August, as per the most recent official knowledge.

In July, Akasa Air’s Chief Monetary Officer Ankur Goel mentioned the airline was enhancing its monetary efficiency, increasing capability and aiming to have 226 planes by the tip of 2032.