Akasa Air, which has a 5% market share in India's domestic air traffic, on Monday announced that it has signed a three-year agreement with GMR Aero Technic for base maintenance support of its Boeing 737 MAX fleet.
Under the agreement, GMR Aero Technic will undertake scheduled base maintenance checks for Akasa Air’s fleet at its Maintenance, Repair, and Overhaul (MRO) facility, located within the GMR Aerospace & Industrial Park in Hyderabad.
“At Akasa Air, we place utmost importance on the safety and reliability of our fleet. Partnering with GMR Aero Technic for base maintenance aligns with our commitment to maintaining the highest technical standards as we scale rapidly," said Belson Coutinho, Co-Founder and Chief Operating Officer, Akasa Air, said.
The Mumbai-based low-cost airline, which started operations about three years ago, has a fleet of 29 planes, but has 226 jets - all Boeing 737 MAXs - on order. Deliveries have been delayed as Boeing's 737 programme faced regulatory scrutiny after a mid-air cabin panel blowout last year and suffered from the effects of a seven-week workers' strike.
Recently, safety and maintained of Boeing aircrafts have been under the lens due to the deadly Air India crash that left nearly 265 people dead. The Directorate General of Civil Aviation recently conducted surveillance checks on Air India's Boeing 787-8/9 fleet and was not able to discover any major safety concerns.
Akasa's growth plans
Compared to Air India and market leader IndiGo's combined 90%-plus market dominance, Akasa, the country's third-largest airline, has just a 4.7% domestic market share. Akasa's revenue quadrupled to $356 million last year, but its loss widened to $194 million from $86 million.
Despite a small share, Akasa Air had had set a global record by becoming the fastest airline to reach a fleet size of 20 aircraft within its first year. The airline has 197 more aircraft scheduled for delivery over the next eight years.
The airline’s passenger traffic more than doubled over the past year—from 7.75 million in March 2024 to 16 million in March 2025. The airline plans to base 5–7 aircraft each at the upcoming Navi Mumbai and Jewar airports by the year-end, positioning them as long-term strategic hubs.
Currently, 18 per cent of the airline's operations come from international flights.
Under the agreement, GMR Aero Technic will undertake scheduled base maintenance checks for Akasa Air’s fleet at its Maintenance, Repair, and Overhaul (MRO) facility, located within the GMR Aerospace & Industrial Park in Hyderabad.
“At Akasa Air, we place utmost importance on the safety and reliability of our fleet. Partnering with GMR Aero Technic for base maintenance aligns with our commitment to maintaining the highest technical standards as we scale rapidly," said Belson Coutinho, Co-Founder and Chief Operating Officer, Akasa Air, said.
The Mumbai-based low-cost airline, which started operations about three years ago, has a fleet of 29 planes, but has 226 jets - all Boeing 737 MAXs - on order. Deliveries have been delayed as Boeing's 737 programme faced regulatory scrutiny after a mid-air cabin panel blowout last year and suffered from the effects of a seven-week workers' strike.
Recently, safety and maintained of Boeing aircrafts have been under the lens due to the deadly Air India crash that left nearly 265 people dead. The Directorate General of Civil Aviation recently conducted surveillance checks on Air India's Boeing 787-8/9 fleet and was not able to discover any major safety concerns.
Akasa's growth plans
Compared to Air India and market leader IndiGo's combined 90%-plus market dominance, Akasa, the country's third-largest airline, has just a 4.7% domestic market share. Akasa's revenue quadrupled to $356 million last year, but its loss widened to $194 million from $86 million.
Despite a small share, Akasa Air had had set a global record by becoming the fastest airline to reach a fleet size of 20 aircraft within its first year. The airline has 197 more aircraft scheduled for delivery over the next eight years.
The airline’s passenger traffic more than doubled over the past year—from 7.75 million in March 2024 to 16 million in March 2025. The airline plans to base 5–7 aircraft each at the upcoming Navi Mumbai and Jewar airports by the year-end, positioning them as long-term strategic hubs.
Currently, 18 per cent of the airline's operations come from international flights.
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