Rakesh Jhunjhunwala-backed Akasa Air orders 72 Boeing 737 MAX jets

Indian low-cost airline Akasa Air positioned an order for 72 Boeing 737 MAX jets, a transfer which may assist the U.S. planemaker regain misplaced floor in one of many world’s most promising markets.
The orders by Akasa, which is backed by billionaire investor Rakesh Jhunjhunwala, are incremental orders, a Boeing government stated on Tuesday.
Last month, SNV Aviation, which owns Akasa Air, stated it anticipated to start out flying subsequent yr after getting preliminary clearance from the civil aviation ministry to launch the nation’s newest ultra-low-cost service.

Reuters reported in September that Boeing was near successful an order for some 70 to 100 737 MAX jets from Akasa, pending separate talks on a long-term engine service deal.
India’s air security regulator in August allowed the nation’s airways to fly the MAX jet to finish its almost two-and-a-half-years of regulatory grounding.
The 737 MAX was grounded worldwide in March 2019 after two deadly crashes in 5 months killed 346 folks, plunging Boeing right into a monetary disaster, which has since been compounded by the COVID-19 outbreak.