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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Two years after its launch, the Vinay Dube-led airline is planning to reach out to institutional investors and family offices to shore up its cash reserves as slow aircraft delivery from Boeing derails growth.
After making the brightest of starts in the Indian aviation industry, Akasa Air finds itself in a spot of bother. The Vinay Dube-led budget carrier, which completed two years of operations yesterday, is planning to be in the market to raise funds and will approach family offices and institutional investors, according to two industry executives, who requested anonymity.
This is possibly to shore up its cash reserves, which have come under pressure lately. Akasa had placed an order for 226 aircraft from Boeing, but hasn’t received any since February as the aviation giant has pushed back its deliveries amid probes …
As the low-cost carrier pushes through a compensation overhaul, the absence of a CEO is complicating a delicate moment.
The two new chief executives at Air India and IndiGo come with contrasting reputations but face the same challenge—do their predecessors one better.
A regulatory easing could see the billionaire’s conglomerate move from running airports to owning an airline—an idea he is warming up to, with multiple options open.
