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
BY
- FONT SIZE
AbcSmall
AbcMedium
AbcLarge
Sign in to read the full article
You’ve got this Prime Story as a Free Gift
₹399/month
Monthly
PLAN
Billed Amount ₹399
₹208/month
(Save 49%)
Yearly
PLAN
Billed Amount ₹2,499
15
Days Trial
+Includes DocuBay and TimesPrime Membership.
₹150/month
(Save 63%)
2-Year
PLAN
Billed Amount ₹3,599
15
Days Trial
+Includes DocuBay and TimesPrime Membership.
Already a Member? Sign In now
THE GREAT DIWALI OFFER
GET FLAT 30% OFF
ON ET PRIME MEMBERSHIP
Get Offer
Why ?
Exclusive Economic Times Stories, Editorials & Expert opinion across 20+ sectors
Stock analysis. Market Research. Industry Trends on 4000+ Stocks
Clean experience with
Minimal AdsComment & Engage with ET Prime community
Exclusive invites to Virtual Events with Industry Leaders
A trusted team of Journalists & Analysts who can best filter signal from noise
For all the latest Automobiles News Click Here
For the latest news and updates, follow us on Google News.