Akasa Air, India’s fastest-growing airline, has secured fresh capital from a consortium of high-profile investors, reinforcing its ambitious growth plans. Key investors include Premji Invest, the global investment arm of Azim Premji, Claypond Capital, the investment office of Dr. Ranjan Pai, and 360 ONE Asset, a leading asset management firm. Additionally, the Jhunjhunwala family has committed further capital, underlining their continued belief in Akasa Air’s vision.

The airline expressed gratitude to its investors and the estate of the late Rakesh Jhunjhunwala for their unwavering support. The funding agreements are subject to regulatory approvals.

Fueling Expansion and Innovation

This investment will drive Akasa Air’s goal of ranking among the world’s top 30 airlines by the end of the decade. The funds will support fleet expansion, international routes, and advancements in safety, technology, and customer experience. The airline also aims to enhance its work culture, attracting top talent in the industry.

With this strategic backing, Akasa Air is set to reinforce India’s position as a global aviation hub while maintaining its commitment to operational excellence and innovation.

Commenting on the announcement, Vinay Dube, Founder and CEO, Akasa Air said, “These are not just financial transactions, they are an investment in our vision and commitment to building an airline for generations. We are thankful to our marquee investors for placing their confidence in Akasa Air and its leadership and to the Jhunjhunwala family for their unwavering faith in the Akasian dream. These investment agreements will empower us to build on the future that every Akasian has envisioned – one that’s bright for each of us as well as for all of India, as we transform the way customers experience air travel.”

Ankur Goel, Chief Financial Officer, Akasa Air said, “At Akasa Air, there is nothing that we do for the short term. These strategic investments represent a pivotal milestone in our journey and ensure long-term financial stability, enabling us to continue building a sustainable, future-focused business. Akasa Air continues to be well-capitalised, and these investments allow us to secure enduring, sustainable growth, with a financial safeguard to weather any unexpected challenges, thus reinforcing our readiness for the future. The airline is proud to have earned the confidence of marquee investors, who have chosen to believe in our dream and join us in our journey towards actively shaping the future of Indian aviation”.

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