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## Akasa Air Set to Finalize Order for 150 Boeing 737 MAX Planes

Indian budget airline, Akasa Air, is in the final stages of negotiating a deal to acquire approximately 150 Boeing 737 MAX narrowbody planes. This move is part of the airline’s strategy to capitalize on the exponential growth in the country’s aviation industry. The expected announcement of this deal is anticipated to take place at Wings India, the largest civil aviation event in the country, scheduled for Jan. 18-21.

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An unnamed spokesperson from Akasa Air declined to comment on the speculations, while Boeing did not respond to queries from Reuters. This deal, once finalized, will add to Akasa’s existing order book of 76 Boeing 737 MAX planes.

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Since its establishment in 2022, Akasa Air has secured a 4% market share, competing against established players like IndiGo and Tata Group airlines, which command 60% and 26% market share, respectively.

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Praveen Iyer, the Chief Commercial Officer of Akasa Air, hinted at a significant aircraft order in early 2024 without divulging specific details. It is expected that this new order of around 150 planes will likely include future purchasing options, reflecting the airline’s ambitious expansion plans.

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Despite operating solely within the domestic market with a fleet of around two dozen planes, Akasa Air aims to broaden its reach by expanding into international markets. The new order for Boeing planes is envisioned to support this expansion, with the aircraft being equipped for operations to nearby international destinations.

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India’s aviation industry has witnessed a surge in demand following the COVID-19 pandemic, prompting carriers to invest in fleet expansion. Akasa Air’s imminent order will contribute to meeting the soaring demand for air travel, positioning the airline for substantial growth in the market.

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In the competitive landscape of Indian aviation, Akasa Air’s upcoming order will mark a significant milestone for Boeing, as it strives to strengthen its position in the rapidly growing Indian market.

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As the aviation industry in India continues to thrive, the strategic acquisition of Boeing 737 MAX planes underscores Akasa Air’s commitment to meeting the evolving needs of air travel in the region.

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