
Akasa Air aims to have 226 planes by 2032
PTI
Last Updated:
New Delhi, Jul 22 (PTI) Continuing with its expansion, Akasa Air aims to have 226 planes in its fleet by 2032, with an annual capacity addition of 25-30 per cent, the airline's Chief Financial Officer Ankur Goel said on Tuesday.
Launched in August 2022, Akasa Air currently flies to 23 domestic and international destinations with a fleet of 30 Boeing 737 MAX planes.
At a briefing in the national capital, Goel said the airline is focused on cost leadership.
Akasa Air has placed orders for 226 Boeing 737 MAX planes, and 30 of them are currently being operated by the carrier.
The airline aims to have 226 aircraft by 2032, Goel said and added that the fleet capacity growth will be around 25-30 per cent CAGR (Compound Annual Growth Rate) in the seven-year period. PTI RAM DR DR
Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Time of India
7 minutes ago
- Time of India
Premier Energies Q1 net profit soars 55% to ₹308 cr
Premier Energies , a Telangana-based renewable energy firm, on Monday announced 55 per cent surge in its consolidated net profit , reaching ₹307.8 crore in the April-June (Q1) period of FY26, an improvement from the ₹198.1 crore profit recorded in the same period last financial year, according to a report by news agency PTI . It added that the growth was driven by increased revenues from its core solar cell and module manufacturing businesses. The company's revenue for the first quarter climbed to ₹1,869.6 crore, up from ₹1,668.7 crore in the corresponding period last year. Profit before tax also saw a healthy increase, rising to ₹402.9 crore from ₹245.7 crore. 'Our new cell line is one of the first TOPCon cell manufacturing plants in India and marks the company's foray into the next generation of high-efficiency solar technologies,' said Chiranjeev Saluja, managing director and chief executive officer, Premier Energies. The company has successfully commissioned its new 1.4 GW module and 1.2 GW TOPCon solar cell lines during the quarter, boosting its total manufacturing capacity to 5.1 GW and 3.2 GW. It added that commercial production at these new facilities is expected to commence soon. It plans to further expand its solar cell and module manufacturing capacity to 8.4 GW and 11.1 GW by June 2026. The renewable energy firm is diversifying into allied areas such as ingots and wafers, battery storage , and solar inverters.


Hindustan Times
11 minutes ago
- Hindustan Times
Indian envoy to UK responds to criticism over purchase of Russian oil: 'Can't switch off its economy'
Over the past month, India, along with China and Brazil, has been at the centre of criticism from the West, mainly the US, for its purchase of Russian oil.(PTI) As the war in Ukraine rages on, several Western countries, led by the United States, have called out India and other nations for their purchase of Russian oil and other trade practices. In response to this criticism, Indian high commissioner to the UK said a country 'can't just switch off its economy'. Speaking to UK-based Times Radio last week, the Indian envoy Vikram K Doraiswami stated that while the West is criticising India for buying Russian oil, many European countries "continue to buy rare earth mineral from the same countries it does not want India to buy from." "Europe continues to buy rare earths from the same country they don't want India to buy oil from. You don't think that's a little odd?" he asked the journalist. The envoy further explained that India and Russia's "energy relationship" only started after New Delhi was displaced from other sources. "So we've been displaced out of the energy market largely, and the costs have gone up. We are the third-largest consumer of energy in the world. We import over 80% of our product. What would you have us do? Switch off our economy," said Doraiswami. "We also see around us relationships that other countries maintain for their own convenience with countries that are a source of difficulty for us. Do we ask you to come up with a little test of loyalty?" he said, adding that many Western nations did not sell India weapons, but would sell them to neighbouring countries, which would then use the same weapons to attack India. India slammed for close ties with Russia Over the past month, India, along with China and Brazil, has been at the centre of criticism from the West, mainly the US, for its purchase of Russian oil. US president Donald Trump has warned India and other BRICS nations of additional tariffs if the countries did not stop its trade with Russia. A similar warning was echoed by NATO Secretary-General Mark Rutte, who warned of 100 percent tariffs against India, China and Brazil if they did not pressure Russia to arrive at a ceasefire deal with Ukraine in 50 days. US senator and Trump aide Lindsey Graham has also been a vocal critic of India's ties with Russia and warned New Delhi, China and others of 'stern tariffs' from Trump. 'Trump is going to impose tariffs on people that buy Russian oil: China, India, and Brazil. Those three countries buy about 80 per cent of cheap Russian oil, and that's what keeps (Vladimir) Putin's war machine going. So, President Trump is going to put a 100 per cent tariff on all those countries, punishing them for helping Putin,' Graham told FOX News.


News18
16 minutes ago
- News18
Adani Green Energy Q1 profit rises 31 pc to Rs 824 cr
New Delhi, Jul 28 (PTI) Adani Green Energy Ltd (AGEL) on Monday posted a 31 per cent year-on-year rise in consolidated net profit to Rs 824 crore in the June quarter, driven by revenues from its core businesses. AGEL, which is the green portfolio company of the Adani Group, had cloked a net profit of Rs 629 crore in the April-June period of the 2024-25 financial year. The company increased its total income to Rs 4,006 crore in the June quarter from Rs 3,112 crore in the year-ago period. A major share of Rs 3,312 crore and Rs 429 crore in revenues came from power supply and sale of goods/equipment, respectively. Expenses were at Rs 3,050 crore as against Rs 2,437 crore in the corresponding quarter a year ago. In a statement, the company said strong revenue, EBITDA and cash profit growth is primarily backed by robust greenfield capacity addition of 4.9 GW, deployment of advanced RE technologies, superior plant performance and deployment of new capacities in resource rich sites at Khavda in Gujarat as well as in Rajasthan. The greenfield additions over the last year included 3,763 MW of solar capacity in Khavda, Gujarat (2,463 MW), Rajasthan (1,050 MW), and Andhra Pradesh (250 MW), 585 MW wind capacity in Khavda, and 534 MW of solar-wind hybrid capacity in Khavda. Operational capacity also increased 45 per cent to 15,816 MW during the first quarter of the current fiscal year from 10,934 MW in the yea-ago period, registering an addition of 4.9 GW over the last one year. The company said it is moving ahead with its target of achieving 50 GW by 2030. AGEL said it is developing the world's largest renewable energy plant of 30 GW at Khavda in Gujarat. Spread over 538 sq km, almost 5 times the city of Paris, the project will set a global benchmark for the development of ultra large-scale renewable energy plants. AGEL has an operational capacity of 5.6 GW solar, wind and hybrid capacity at Khavda. Part of the Adani Group, Adani Green Energy Ltd develops, owns, and operates utility scale grid-connected solar, wind, hybrid and energy storage solutions. PTI ABI TRB (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments First Published: July 28, 2025, 15:45 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.