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<keyword id="3658" type="General" weightage="20" keywordseo="india" source="Orion">India</keyword>'s new airline, <keyword id="11911527" type="General" weightage="80" keywordseo="akasa-air" source="Orion">Akasa Air</keyword>, on Thursday got its <keyword id="4542593" type="General" weightage="20" keywordseo="air-operator-certificate" source="Orion">Air Operator Certificate</keyword> (<keyword id="212097" type="General" weightage="80" keywordseo="aoc" source="Orion">AOC</keyword>) from the Directorate General of Civil Aviation (DGCA). "The grant of the AOC is the final step of a comprehensive and rigorous process laid down by the DGCA and marks the satisfactory completion of all regulatory and compliance requirements for the airline's operational readiness," Akasa Air said in a statement. The airline added that it is the first airline whose end-to-end AOC process was conducted using the government's progressive eGCA digital platform. The process concluded with the airline having successfully conducted a number of proving flights under the supervision of the country's aviation regulator, the company said. "We now look forward to opening our flights for sale, leading to the start of commercial operations by late July. This will begin our journey towards building India's greenest, most dependable and most affordable airline," said Vinay Dube, Founder and Chief Executive Officer, Akasa Air. Akasa Air, whose airline code is QP, received its first 737 MAX on June 21. Later this month, the airline will commence commercial operations with two aircraft, subsequently adding to its fleet every month. By the end of the 2022-23 fiscal, the airline will have inducted 18 aircraft and thereafter 12-14 aircraft every 12 months, which will make up its order of 72 delivered over five years, the company said. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/enterprise/voice-tech-is-evolving-rapidly-here-are-the-top-trends-in-voice-tech-to-watch-for/articleshow/92727686.cms">Voice tech is evolving rapidly. Here are the top trends in voice tech to watch for</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/cryptocurrency/news/taiwanese-crypto-exchange-suspends-trading-in-rupees-after-tds-laws-kick-in/articleshow/92727555.cms">Taiwanese crypto exchange suspends trading in Rupees after TDS laws kick in</a>

Rakesh Jhunjhunwala-backed Akasa Air to start operations this month

After the completion of two months of its operations, <keyword id="11911527" type="General" weightage="100" keywordseo="akasa-air" source="Orion">Akasa Air</keyword> is set to establish Delhi as the sixth destination on its network and inaugurate its first flight on the Delhi-Bengaluru and Delhi-Ahmedabad routes on October 7. The airline also announced Pets-on-Board, a pet-friendly service in line with its commitment to create an inclusive travel experience. Both the new routes will be served with daily flights in each direction. The airline has announced eight destinations so far, including Mumbai, Ahmedabad, Bengaluru, Kochi, Chennai, Delhi, Agartala and Guwahati being covered with 11 non-stop routes. <keyword id="2929104" type="General" weightage="80" keywordseo="akasa" source="Orion">Akasa</keyword> Air, India's newest airline, has completed the first two months of its commercial journey in building India's greenest, most dependable, and most affordable airline. Speaking at an event to mark the airline's first 60 days of operations, <keyword id="4593743" type="General" weightage="50" keywordseo="vinay-dube" source="Orion">Vinay Dube</keyword>, Founder and Chief Executive Officer, Akasa Air said, "Our first two months have been very exciting and satisfying as we moved from planning to commercial operations. We have been hyper focussed on establishing and delivering an empathetic, dependable, and reliable flying experience unlike anything witnessed in the Indian skies thus far". Commenting on the rapid network expansion, <keyword id="3952991" type="General" weightage="50" keywordseo="praveen-iyer" source="Orion">Praveen Iyer</keyword>, Co-Founder, and Chief Commercial Officer, Akasa Air, said "We are elated by the response we have received as we welcomed on board more than 100,000 passengers within just 60 days of operations. Further strengthening our domestic connectivity and catering to more flyers during the festive season, we are delighted to be able to add Delhi to our network and connect the capital city to the rapidly growing and vibrant cities of Bengaluru and Ahmedabad. By expanding our network with an aircraft arriving every 15 days, we aim to fulfil our goal of developing a strong pan-India presence and expect to operate 300 weekly flights by October end." Speaking on product, service and customer experience, Belson Coutinho, Co-Founder and Chief Marketing &amp; Experience Officer, Akasa Air said, "We set out with a promise to be a dependable airline focussing on warm, efficient, and reliable service". As we continue with our vision to create an inclusive and humane travel experience, Akasa's pet-friendly service will commence from 1st November 2022, wherein passengers flying on Akasa Air will be able to travel with their pets in the cabin. Taking an additional step to ease the travel experience of pet parents and their wards, we have joined hands with <keyword id="7747778" type="General" weightage="50" keywordseo="umeed-for-animals-foundation" source="Orion">Umeed for Animals Foundation</keyword> to ensure smooth pet-friendly travel", he added. Akasa Air has been progressively expanding its network across the country, in a phased approach with a commitment towards making travel accessible in India through the introduction of routes in Tier 2 and 3 cities. The company has recently received its sixth aircraft and will have a fleet size of 18 aircraft by the end of March 2023. Over the next four years, the airline will add 54 additional aircraft, taking its total fleet size to 72 aircraft. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/insider-picks/news/98-of-companies-responsible-for-80-of-corporate-greenhouse-emissions-refuse-to-disclose-their-climate-change-impacts-study/articleshow/94678938.cms">98% of companies responsible for 80% of corporate greenhouse emissions refuse to disclose their climate-change impacts: Study</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/road-safety-body-urges-withdrawal-of-notification-that-makes-6-airbags-mandatory-in-pvs/articleshow/94678279.cms">Road safety body urges withdrawal of notification that makes 6 airbags mandatory in PVs</a>

Akasa Air launches maiden flights from Delhi, to allow pets in the cabin

<ul class="summary-list"><li>Akasa Air, an ultra-low-cost Indian carrier, <a href="https://www.reuters.com/world/india/indias-akasa-air-orders-72-boeing-737-max-jets-2021-11-16/">placed</a> a $9 billion order for 72 Boeing 737 MAX Jets last week.</li><li>The airline could potentially lift up the entire Indian aviation segment, industry analysts say.</li></ul>Judith Philip is stressed. The 32-year-old auditor's work schedule is packed and her only retreat is travel, but the pandemic hit her sole recreation badly. To make up for lost time, Philip is pinning her hopes on an upcoming solo trip to Sri Lanka."I think I might do a lot of revenge travel once these restrictions are lifted and things get a bit better," Philip told Insider from the southern Indian city of Bangalore.She is among millions of travelers waiting in the wings to cruise Indian skies as the country's aviation sector braces for a shake-up. At the heart of this shake-up stands to be a freshly minted airline, Akasa Air. Ever since its public debut in July, Akasa has become the most talked-about airline in the country. And on November 16, it <a href="https://www.reuters.com/world/india/indias-akasa-air-orders-72-boeing-737-max-jets-2021-11-16/">placed</a> a $9 billion order for 72 Boeing 737 MAX jets. The airline could potentially lift up the entire Indian aviation segment, which has been grappling for several years, industry analysts say.Unlike <keyword id="11898285" type="UNKNOWN" weightage="60" keywordseo="airlines" source="Orion">airlines</keyword> that ground their fleets in capital Delhi or financial hub Mumbai, Akasa's fleet stands to be mostly based in the Indian tech capital of Bangalore. While Akasa's exact routes have not yet been announced, they are expected to reach less-travelled destinations at less expensive fares.Backed by billionaire investor Rakesh Jhunjhunwala – nicknamed <a href="https://www.forbes.com/profile/rakesh-jhunjhunwala/">India's Warren Buffett</a> and Big Bull for his smart investments — the carrier aims to be the resurrector of a turbulent domestic market in Asia's third-largest economy.But Jhunjhunwala and Akasa are entering the aviation industry at a historically difficult time: The pandemic is far from over, and the market is crowded, plagued by collapsing carriers, and difficult to turn a profit in.Jhunjhunwala did not respond to multiple requests from Insider for comment for this story.<h2>Room for growth</h2>Until the turn of the decade ending 2010, air travel was luxury only affordable for the affluent in <keyword id="11892747" type="UNKNOWN" weightage="60" keywordseo="india" source="Orion">India</keyword>.A country of about 1.4 billion people, India has about<a href="http://www.knowindia.net/aviation7.html"> 650 passenger jets</a>. Domestic airlines carried 144 million flyers in 2019, according to the regulatory body <a href="https://www.dgca.gov.in/digigov-portal/?page=jsp/dgca/InventoryList/dataReports/aviationDataStatistics/handbookCivilAviation/HANDBOOK2018-19.pdf&amp;main4252/4205/sericename">Directorate General of Civil Aviation.</a> By comparison, the US (population 333 million) has over <a href="https://www.faa.gov/air_traffic/by_the_numbers/">5,000 civilian aircraft</a>, while China (population 1.44 billion) operates <a href="http://www.xinhuanet.com/english/2019-07/18/c_138237617.htm">close to 3,700</a> passenger jets.Today, trains remain the preferred mode for the long-distance journeys of the masses in India. In the 12 months <a href="http://indianrailways.gov.in/railwayboard/uploads/directorate/stat_econ/Annual-Reports-2019-2020/Year-Book-2019-20-English_Final_Web.pdf">ending March 2020,</a> Indian trains ferried over eight billion travelers.But as India's middle class grows and competing airlines keep the price of domestic airfare low, air travel is slowly becoming a viable mode of transport for more people. Delhi aims to unveil <a href="https://twitter.com/MoCA_GoI/status/1357015867448455169">over 200 new airports</a> across the vast country in the next four years and is rapidly expanding the existing airports. Prime Minister Narendra Modi's administration expects civil aviation to play a crucial role in its ambitious goal of making <a href="https://www.narendramodi.in/pm-modi-s-aspirational-call-for-5-trillion-dollar-economy-in-5-years-547486">India a $5 trillion economy </a>by 2024."We can expect huge growth in the next five to 10 years," Sanjay Kumar, chief strategy and revenue officer of IndiGo, told Insider of the Indian aviation market. IndiGo is India's market leader in domestic traffic <a href="https://www.ibef.org/industry/indian-aviation/showcase/indigo">with 55% share.</a>"The growing middle-class population will start traveling as the Americans or Chinese do. We've so far not seen this [in India] at all," Kumar added.<h2>A volatile market</h2>Until the second half of 2018, India was home to the fastest-growing aviation market in the world, with passenger numbers ballooning.Growth nosedived in 2019 due to factors including crew shortage, taxes on jet fuel, and unsustainable business models.At the heart of India's spiraling airline crisis was <a href="https://www.businessinsider.com/jet-airways-shuts-down-after-running-out-of-money-2019-4">the collapse of Jet Airways</a>, the country's oldest and first successful private airline. Mounting debts, poor acquisitions, and cheaper prices offered by rivals killed the 26-year-old Jet Airways.The Indian aviation market is so volatile that about <a href="https://en.wikipedia.org/wiki/List_of_defunct_airlines_of_India">50 players have shut shop</a> in the past three decades and changed billionaires into millionaires.And this was all before the pandemic decimated the industry.But a troubled industry also means abundant talent in the market for hire, low asset costs, and weakened competitors, factors that could play a role in Jhunjhunwala's favor.<h2>A market dominated by low-cost carriers</h2>Unlike the aviation markets of the western world, where the segment is multi-layered and caters to a wide range of travelers, carriers in India need to keep a close watch on ticket costs. About 80% of <a href="https://www.dgca.gov.in/digigov-portal/?page=jsp/dgca/InventoryList/dataReports/aviationDataStatistics/handbookCivilAviation/HANDBOOK2018-19.pdf&amp;main4252/4205/sericename">the market share</a> in India is cornered by low-cost carrier models (LCC), which make a profit through volume by selling seats at cheap rates.Six large airlines dominate the domestic skies in India: IndiGo, SpiceJet, GoAir (which rebranded as GoFirst), AirAsia India, Vistara, and Air India. While Vistara and Air India are classified as no-frills carriers, the rest operate as LCC.Unlike all other existing market players, Akasa is an ultra low-cost carrier (ULCC), which means every little space inside the plane – from paper cups or luggage bins — is for sale for advertising. Further, Akasa can cut back on all expendable costs and fly more hours a day while keeping the seat fares separate from all other related services like food. It's basically like the Spirit Airlines of India.Akasa is expected to launch operations by early or mid 2022, if the speculation in the industry is proved right. Akasa has been busy hiring industry veterans including Vinay Dube, the former CEO of Jet Airways, and Aditya Ghosh, the former CEO of Indigo. <a href="https://centreforaviation.com/data/profiles/airlines/akasa">Regulatory approvals </a>are on track.Yet, the fate of Akasa depends on more than a billionaire backer and experienced leadership. Other variables at play in the airline's success include how it manages its fleet composition, distribution models, and the choice of flying destinations.<a href="http://www.knowindia.net/aviation7.html">Airbus dominates</a> the Indian skies: The A320 family makes up 70% of all passenger aircraft in the country.The advent of Akasa means an opportunity for American planemaker Boeing to make a breakthrough in a crucial market.Akasa hopes to operate a fleet of 70 aircraft in four years, ​​Jhunjhunwala told <a href="https://www.bloomberg.com/news/articles/2021-07-28/indian-billionaire-investor-plans-70-planes-for-new-airline">Bloomberg</a> in a television interview in July. Boeing's market outlook, meanwhile, predicts there will be demand for 2,200 commercial jets in the next two decades."In India, domestic traffic is leading the recovery. We're seeing double-digit monthly improvements in operations as vaccine rates improve and travel restrictions begin to loosen," Salil Gupte, president of Boeing India, told Insider.Gupte estimates passenger traffic numbers in India will reach pre-pandemic levels by 2023 or 2024."We are honored that Akasa Air, an innovative airline focused on customer experience and environmental sustainability, has placed its trust in the 737 family to drive affordable passenger service in one of the world's fastest-growing aviation regions," said Stan Deal, Boeing commercial airplanes president and CEO, following the deal.<h2>Challenges Ahead</h2>Industry experts say Jhunjhunwala's Akasa appears set to take Indian civil aviation to new heights, but they add caveats.For instance, fixed costs like lease, parking, maintenance, and staff salaries make up 40% of an airline's cost structure, according to IndiGo's Kumar. To be successful, Akasa must get the combination of these correct, industry experts said."Akasa's bet is on the fragility of one or more carriers and as a well-capitalized new entrant, it may very well be able to gain a strong foothold," said Satyendra Pandey, managing partner at India-based aviation services firm AT-TV.Rival carriers are bound to match Akasa's fares from day one of its operations, Pandey said – which means it'll be entering a profitless growth environment. A careful assessment of the market should incorporate both business and behavioral trends, Pandey said."Force-fitting western frameworks just does not work. Getting this wrong has meant that even extremely well-funded airlines have consistently failed to turn a profit and witnessed continuous margin deterioration. Levers that worked pre-pandemic may not quite work the same," Pandey added."If the ULCC model is implemented, Akasa Air may expand the overall market by stimulation due to low airfares," said Manvi Hooda, chief of consulting and research at the aviation consulting firm, CAPA India."India remains an under-penetrated air travel market. Given India is a value-sensitive market, low airfares can significantly stimulate the market," said Hooda.

A new, ultra-low-cost Indian airline just placed a $9 billion order with Boeing, and analysts say it could lift up the country's entire aviation segment

India's domestic air passenger traffic rose 9% to more than 1.27 crore in November, according to official data released on Friday. Last month also saw daily air traffic touching new highs multiple times. <keyword id="6354706" type="General" weightage="20" keywordseo="indigo" source="Orion">IndiGo</keyword> remained the country's largest domestic carrier but its market share declined to 61.8% in November from 62.6% in October. However, none of the scheduled carriers had an On-Time Performance (OTP) score of more than 80% in November. Official data released by the Directorate General of Civil Aviation (DGCA) on Friday showed that airlines flew 1.27 crore passengers in November compared to 1.17 crore in the year-ago period. This marks a growth of 9.06% on an annual basis. "Passengers carried by domestic airlines during January-November 2023 were 1,382.34 lakhs as against 1,105.10 lakhs during the corresponding period of previous year thereby registering annual growth of 25.09% and monthly growth of 9.06%," DGCA said. The domestic market share of <keyword id="6358032" type="General" weightage="20" keywordseo="spicejet" source="Orion">SpiceJet</keyword> rose to 6.2% in November from 5% in October. Its OTP stood at 41.8% last month. <keyword id="2573" type="General" weightage="20" keywordseo="air-india" source="Orion">Air India</keyword>'s domestic market share remained unchanged at 10.5% in November while that of Vistara fell marginally to 9.4% last month. In November, the share of Akasa Air and AIX Connect remained unchanged at 4.2% and 6.6%, respectively. As per the data, Akasa Air topped the OTP chart at 78.2%, followed by IndiGo at 77.5% and Vistara at 72.8%. Air India's OTP was at 62.5% while that of AIX Connect and Alliance Air were at 69.7% and 66.1%, respectively. On-Time Performance (OTP) of scheduled domestic airlines is computed for four metro airports -- Bangalore, Delhi, Hyderabad, and Mumbai.

India's domestic air passenger traffic rises 9% in November

The domestic air passenger traffic reached 1232.45 lakhs in 2022, registering an annual growth of 47.05 per cent as compared to 2021, the <keyword id="6354705" type="General" weightage="80" keywordseo="directorate-general-of-civil-aviation" source="Orion">Directorate General of Civil Aviation</keyword> (<keyword id="6354787" type="General" weightage="80" keywordseo="dgca" source="Orion">DGCA</keyword>) said on Thursday. "Passengers carried by domestic airlines between January 2022 and December 2022 were 1232.45 lakhs as against 838.14 lakhs during the corresponding period of the previous year thereby registering an annual growth of 47.05 per cent and monthly growth of 13.69 per cent," the aviation regulator said. The passenger load factors of all major airlines - Air India, <keyword id="6358032" type="DOMAIN" weightage="20" keywordseo="spicejet" botkeyword="" source="ET" sourcekeytype="COMPANY" meta.keywordsubtype="EQ" meta.aliasname="spicejet" meta.entityname="Spicejet Ltd." meta.entityid="7876" meta.seoname="spicejet-ltd">SpiceJet</keyword>, <keyword id="12242018" type="General" weightage="80" keywordseo="gofirst" source="Orion">GoFirst</keyword>, IndiGo, <keyword id="11911527" type="General" weightage="80" keywordseo="akasa-air" source="Orion">Akasa Air</keyword>, AirAsia India and Vistara witnessed an upward trend in December 2022 compared to November 2022, as per the DGCA data. The passenger load factor measures the seat capacity utilisation of the airline. IndiGo recorded a market share of 56.1 per cent followed by Vistara with a 9.2 per cent share. SpiceJet and Air India had an 8.7 per cent market share, shows the official data. During December 2022, a total of 408 passenger-related complaints were received by the scheduled domestic airlines. The major reasons for complaints are flight problems and refunds. Airlines have received a total of 408 complaints, out of which 401 (approx. 98 per cent) have been addressed, the DGCA data shows. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/shark-tank-s2-indias-first-plug-and-fly-drones-developed-by-undergraduate/articleshow/97132329.cms">The under-grads who built a business of plug-and-fly drones</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/hul-indusind-bank-adani-enterprises-among-stocks-in-focus/articleshow/97115029.cms">Sensex, Nifty50 end lower on weak US consumer data – FMCG, metals, auto lead losses</a>

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Rakesh Jhunjhunwala-backed Akasa Air to start operations this month

IANS

Akasa Air launches maiden flights from Delhi, to allow pets in the cabin

IANS

A new, ultra-low-cost Indian airline just placed a $9 billion order with Boeing, and analysts say it could lift up the country's entire aviation segment

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India's domestic air passenger traffic rises 9% in November

PTI

Domestic air passenger traffic went up by 47% this year compared to 2021: DGCA

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