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Akasa Air joins IATA after safety audit milestone

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Date
Company
Akasa Air
What it does
Low-cost commercial airline operator
Kind
News
Based in
Mumbai
Founded
2020
Sector
Mobility & Logistics

What they do

Akasa Air operates commercial passenger flights across domestic and international routes using a modern fleet of Boeing aircraft

What happened

The airline secured membership in the International Air Transport Association after successfully completing the required operational safety audit

Why it matters

This milestone aligns the carrier with major global airlines and supports its ongoing expansion in the aviation sector

The details

  • Akasa Air has officially become a member of the International Air Transport Association (IATA) after completing the mandatory IATA Operational Safety Audit (IOSA).
  • The admission makes Akasa Air the fifth Indian airline to join the global aviation body, joining carriers like Air India, Air India Express, IndiGo, and SpiceJet.
  • IATA represents over 360 member airlines globally, which account for more than 80 per cent of worldwide air traffic.
  • Through this membership, the airline aims to participate in industry dialogues regarding safety management, digital transformation, and sustainable aviation.
  • Separately, the airline experienced operational disruptions on routes such as Pune to Bengaluru due to technical snags and delays.

The bigger picture

  • Membership in IATA enhances the global credibility of the young carrier as it continues to expand its domestic and international footprint.
  • India represents a massive aviation market, with the sector generating $53.6 billion in financial impact and sustaining 7.7 million employment opportunities.

About the business

  • Akasa Air operates as a low-cost commercial passenger airline connecting numerous domestic destinations and international cities.
  • The company generates revenue primarily through passenger ticket sales, cargo transport, and an expanding ecosystem of ancillary products and services.
  • The airline maintains a fleet of Boeing 737 MAX aircraft powered by fuel-efficient CFM LEAP-1B engines.
  • Corporate offerings include specialized programs and partnerships designed to accommodate business travellers across its expanding network.

What happens next

  • The airline aims to operate a fleet of 226 new Boeing 737 MAX aircraft over a period of ten years.
  • Management targets positioning the company among the top 30 airlines globally by the turn of the decade.

The deal

Type
other

Investors

  • Premji Invest (participated) — Institutional investor providing capital to support long-term stability.
  • 360 ONE Asset (participated) — Institutional investor backing the company's expansion plans.
  • Claypond Capital (participated) — Institutional investor involved in funding the airline.

Founders

  • Vinay Dube, Founder and Chief Executive Officer
  • Neelu Khatri, Co-Founder

About Akasa Air

Customers
Travellers booking domestic and regional flights
How it makes money
Sells passenger air tickets and related travel services
What sets it apart
Emphasis on customer experience, safety, reliability, and newer aircraft

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