Overview

• The carrier said it completed the strategic transactions first announced in February after receiving all required regulatory approvals.
• New backers include Premji Invest, funds managed by 360 ONE Asset and Claypond Capital, alongside additional capital from the Jhunjhunwala family.
• The deal size is reported at about Rs 1,200 crore (roughly $125 million), though Akasa did not disclose financial terms.
• Akasa says proceeds will expand operations, upgrade customer experience and invest in safety, reliability and advanced technology, with network growth targeting Phuket and broader Southeast Asia.
• Since launching in 2022 the airline has flown over 20 million passengers with a roughly 30‑jet fleet, as reports flag a FY25 standalone net loss near Rs 1,983 crore and the company pursues a top‑30 global ranking and a 226‑aircraft plan by 2032.