Skip to content Skip to Search
Skip navigation

India’s newest airline awaits nod to start GCC flights

Akasa Air has applied for permission to operate flights to Doha, Qatar, Riyadh and Jeddah in Saudi Arabia, as well as Kuwait Akasa Air
Akasa Air has applied for permission to operate flights to Doha, Qatar, Riyadh and Jeddah in Saudi Arabia, as well as Kuwait

Akasa Air, India’s newest airline, is currently awaiting approval from the governments of Saudi Arabia, Qatar and Kuwait to launch operations to the Gulf states, according to a media report.

“It’s going to be another few months. We’re hoping another three to four months. But we are a little dependent in terms of permissions we (need to) get from third parties from foreign countries,” the airline CEO Vinay Dube told CNBC-TV18, an Indian financial news channel.

The airline has already applied for permission to operate flights to Doha, Riyadh, Jeddah and Kuwait City.  

The company plans to follow a phased approach to international operations, Dube stated.

“The first half unequivocally, you should see us fly to these international destinations,” he added.

Akasa Air aims to have a fleet of 22 aircraft by the end of 2023, reaching 25 by March 2024 and doubling its fleet by the end of March 2025, the report said.

Latest articles

PIF's Starbucks shareholdings were cut almost by half from 6.3 million shares to 3.8 million

PIF slashes Starbucks stake as it cuts US stocks by $15bn

Saudi Arabia’s Public Investment Fund (PIF) has slashed its US equity holdings by 42 percent to $20.6 billion, including its stake in Starbucks, the global coffee chain that has suffered calls for a boycott as a result of the Gaza conflict. The latest US government data highlights funding challenges facing the Saudi giga-projects.  The filing […]

Tunisia olives

Soaring olive oil exports help Tunisia balance books

Tunisia’s soaring olive oil exports have almost doubled to close to $1 billion in just five months, helping it claw back its current account deficit.   However the increased revenues merely “paint over the cracks” and the country is still probably heading towards a sovereign default, according to an economic expert. Tunisia’s current account deficit narrowed […]

Iraqi prime minister Mohammed Shia Al-Sudani attends licensing rounds for 29 oil and gas exploration blocks at the oil ministry's headquarters in Baghdad

Falling oil prices deepen Iraq’s fiscal imbalances, says IMF

Iraq’s fiscal imbalances have worsened due to significant fiscal expansion and lower oil prices, according to the International Monetary Fund (IMF). “The ongoing fiscal expansion is expected to boost growth in 2024 at the expense of a further deterioration of fiscal and external accounts and Iraq’s vulnerability to oil price fluctuations,” the Washington-based fund said in […]

Saudi aluminium producer Talco is offering 12 million shares

Aluminium producer Talco announces Saudi IPO

Aluminium producer Al Taiseer Group Talco Industrial Company (Talco) is the latest entity to reveal initial public offering (IPO) plans in Saudi Arabia. The Riyadh-based company, which was set up in 2009, is offering 12 million shares, a 30 percent stake, on the Saudi Exchange (Tadawul) at a nominal value of SAR10 ($2.67) per share. […]