Akasa Air’s take-off: with the Big Bull in cockpit, the low-cost airline has no room for mistakes
Synopsis
The financial distress in the aviation industry, a sweet aircraft deal, and cheaper maintenance contracts can give Akasa Air a distinct cost advantage. However, there are complex regulatory and operational hurdles to be cleared first. And once the airline takes off, its founder Vinay Dube may have to deal with a new set of changes.
It was supposed to be an uneventful earnings call. Indeed, as they walked into the fifth floor of Global Business Park in Gurugram, IndiGo’s then president Aditya Ghosh and chief financial officer Rohit Philip were expecting a few tough questions from analysts as the airline had posted a sharp decline in its March quarter profit. But a few minutes into the call, as Ghosh and Philip were calmly fielding questions from analysts, Rakesh
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