In a significant development in India’s aviation sector, a consortium comprising Azim Premji’s family office, Premji Invest, and Ranjan Pai’s family office, Claypond Capital, is set to acquire a ...

Azim Premji and Ranjan Pai consortium to buy a minority stake in Akasa Air Consortium commits over $100 million in $130-140 million funding round Funding to aid Akasa Air's growth and aircraft ...

Later, Jhunjhunwala is said to have increased stake. The airline has now grown nearly fourfold in value, if the funding proposal is considered which values Akasa at over $350 million, more than four ...

The Jhunjhunwala family, heirs of the late billionaire stock trader Rakesh Jhunjhunwala, is also participating in the funding round, retaining their position as Akasa’s largest shareholder with ...

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This stake will be part of the $130-140 million fundraise by Akasa. According to a report in The Economic Times, late billionaire stock trader Rakesh Jhunjhunwala’s estate is also looking to ...

The consortium will include Premji Invest and Claypond Capital, the Bengaluru-based family offices of Wipro founder Azim Premji and Manipal group chief Ranjan Pai respectively.

India has 29 states with at least 720 districts comprising of approximately 6 lakh villages, and over 8200 cities and towns. Indian postal department has allotted a unique postal code of pin code ...

Akasa Air, the newest entrant to India's aviation landscape, is in no mood to lease aircraft from the secondary market even though delay in deliveries from Boeing has deferred its fleet ...

India's Directorate General of Civil Aviation (DGCA) has issued a show-cause notice to Akasa Air (QP, Mumbai International) after it failed to provide corrective training to a pilot involved in a hard ...

Sources cited above said that an Akasa Air flight from Bagdogra to Bengaluru was involved in a hard landing incident in March. "Regulatory audit conducted by DGCA found that the incident was closed ...

By March 2025, the airline expects to have a fleet of 40 aircraft, equivalent to that of Akasa Air, with plans to add another 40 thereafter.