Akasa Air Airways complements strategic investments. Premji Invest, 360 One Asset, ClayPond is now on the plane

Budget Airline Akasa Air announced on Tuesday that it has successfully completed strategic investment transactions that were initially unveiled on February 6.

“The closure follows the receipt of all the required regulatory approvals. The airline welcomes its new investment partners of the Akassian family, which represents a great milestone in the growth journey,” Akasa Air said in a press release.

Among the investors are Premji Invest, 360 One Asset, and the investment office of Dr. Ranjan Bay, as well as pumping additional capital from the JHUNJHUNWALA family, who are following investors in Akasa Air.

“We warmly welcome our new investors in the Aquassian family and highly appreciate their confidence in our team. Their support confirms our vision and enhances our ability to expand our belief in employees. They are also grateful for the support provided by the Ministry of Civil Aviation,” said Vina Dobobi, founder and chief executive of Akasa Air.

The money is expected to accelerate the road map of the airline to reach the best 30 airlines in the world by the end of this contract and contribute to the emergence of India as a global aviation center.

“In just three years, Aquassa Air has proven that rapid growth is possible with discipline, purpose and heart. With more than 20 million passengers and a fixed -through operating excellence record, we build an airline that can be proud of India and prepares to set new standards in global aviation,” Dubi added.

According to the company, these investments will be directed towards expanding operations, enhancing customer experience, investment in safety, reliability, and advanced technology.

“We are enthusiastic about partnership with Akasa, the fastest flight in India, in the next stage of growth. We believe that the Indian aviation industry has a strong growth possibility, both locally and beyond. AKASA is wonderfully to implement implementation,” said Manoj Jaiswal, the partner-industrial and seizure in Bremji Investment, saying: “We are enthusiastic about partnership with Akasa, the fastest flight in India, in the next stage of growth. We believe that the Indian aviation industry has a strong growth possibility, both locally and beyond. Akasa is wonderfully to implement implementation.”

Shiham Bouar, the chief investment employee in Clabend Capital, commented: “What raises us is not only the opportunity of the opportunity, but the passion and purpose that the team builds this flying. We are proud to support Akasa and look forward to helping them build a global airline from India.”

Akasa Air recently celebrated three years since its opening trip on August 7, 2022. The airline has achieved operational and financial momentum, carrying more than 20 million passengers and developing its fleet to 30 aircraft.

“We felt in partnership with Akasa Air at a time when the aviation sector in India is preparing for the massive growth. This investment will support the AKASA AIR mission to build a customer -focused airline.”

In the fiscal year 25, the airline recorded a strong growth in revenue and margin improvement, driven by the management of disciplined costs, the high profitability of the unit, and the expansion of the strategic network.

Akasa Air has also announced the acceleration of its international network with an invasion in Southeast Asia, including operations to Fukete, strengthening its presence in the region and laying the foundation for further expansion across Saarc and ASEAN markets.