In a major milestone for Akasa Air, the airline has secured fresh capital from a group of prestigious investors, marking a significant step in its growth trajectory.
Within less than three years of operations, Akasa has earned the trust of prominent investors, including Premji Invest, Claypond Capital, and 360 ONE, alongside a commitment from the Jhunjhunwala family to inject additional capital into the airline. These agreements are pending regulatory approval.
The investment consortium includes Premji Invest, the global investment arm of Azim Premji; Claypond Capital, the investment office of Dr. Ranjan Pai; and funds managed by 360 ONE, a leading wealth and asset management firm in India. The Jhunjhunwala family’s continued confidence in Akasa Air also remains a cornerstone of the airline’s growth.
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In a statement, CEO Vinay Dube expressed gratitude towards the investors for their faith in Akasa Air and the future of civil aviation in India. He also acknowledged the estate of the late Rakesh Jhunjhunwala for its ongoing support.
The influx of capital will bolster the airline’s financial stability and sustainability, providing a safeguard against unforeseen challenges and ensuring long-term growth. Akasa Air’s ability to attract such marquee investors is a testament to the strength of its vision and the team’s dedication to shaping the future of Indian aviation.
Dube emphasized that the strategic investments align with Akasa’s goal to build a legacy for future generations, transforming the way customers experience air travel. He concluded by reaffirming the airline’s commitment to safety and its readiness to soar to new heights in the industry.
Akasa Air continues to demonstrate its ambition to not only compete in the market but also to reshape the aviation landscape in India with confidence and determination.
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