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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.
The Vinay Dube-led airline is now the third-largest in terms of revenue and on course to hit a major milestone, although some concerns remain.
Things are finally looking up for Vinay Dube.
After more than a year of negotiations, the founder of Akasa Air has managed to bring in much-needed equity. In August, the airline raised Rs 1,200 crore from Premji Invest, 360 ONE Asset and entrepreneur Ranjan Pai’s Claypond Capital. The Jhunjhunwala family, an early backer, also participated in the fundraise, putting to rest rumours that it wasn’t particularly happy with the way the airline was growing.
The three-year-old airline has also managed to add to its fleet in recent months—three aircraft so far this year, with plans to induct five more by …
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.
