Akasa Air will move all its flight operations at Mumbai’s Chhatrapati Shivaji Maharaj International Airport to Terminal 2 starting August 1, 2026. This operational shift comes as the airline works to manage expenses while reportedly seeking to raise ₹1,050 crore in fresh capital to support its expansion plans.
Detailed Coverage
Starting August 1, 2026, Akasa Air will shift all of its domestic and international flight arrivals and departures at Mumbai’s Chhatrapati Shivaji Maharaj International Airport (CSMIA) to Terminal 2. The airline is encouraging passengers to verify their flight details and utilize web check-in to manage the transition smoothly. This operational consolidation is designed to improve passenger flow and increase internal efficiency at the airport.
Operational Strategy Amid Market Pressures
The decision to consolidate facilities at Mumbai airport follows a period of rapid fleet growth for the carrier. Operated by SNV Aviation Pvt Ltd, the airline currently maintains a fleet of approximately 40 Boeing 737 MAX aircraft. The shift to a single terminal is often a strategic move for carriers to reduce ground handling complexity and lower operational overheads, which is particularly relevant as the broader Indian aviation sector continues to grapple with volatile aviation turbine fuel prices and shifting global flight paths.
Capital Raising and Growth Plans
Beyond operational changes, reports indicate that Akasa Air is working to secure approximately ₹1,050 crore to bolster its balance sheet. The proposed fundraising involves a mix of equity and debt, with the airline reportedly engaging with existing shareholders for a portion of the equity and exploring options with international investors. Additionally, the company is in discussions for a debt facility of at least ₹250 crore from state-run banks, potentially utilizing government-backed credit lines available to airlines facing pressure from geopolitical disruptions.
Performance and Expansion
Despite the competitive nature of the Indian domestic market, Akasa Air has demonstrated a consistent growth trend. For the fiscal year ending March 31, 2026, the company reported a 37% increase in operating revenue, supported by a 30% rise in available seat kilometers. The airline has maintained a strategy of fleet expansion and network growth, with plans to increase capacity by another 30% in the current fiscal year ending March 31, 2027. Investors will be tracking how the company balances this aggressive expansion with the need for fresh funding and the impact of fluctuating fuel costs on its profit margins. Key shareholders in SNV Aviation include founder Vinay Dube, the estate of the late Rakesh Jhunjhunwala, and 360 ONE Asset Management.