Search
+
Invest with Confidence. Lead with Insights.
  • Drench in the knowledge with exclusive insights, ePaper & smart market tools with ETPrime.

Strategy

Vinay Dube got Akasa off the runway. Issues he needs to fix to switch the seat belt sign off.

Vinay Dube got Akasa off the runway. Issues he needs to fix to switch the seat belt sign off.
Vinay Dube got Akasa off the runway. Issues he needs to fix to switch the seat belt sign off.

Synopsis

When Rakesh Jhunjhunwala funded Akasa, the savvy investor knew it would be a long-haul flight. Founder and CEO Vinay Dube is now finding out that not only is it a long haul but also has a lot of operational turbulence. Here is what he and Akasa are facing.

There are easier ways to become poor. You can buy a lot of lottery tickets. You can invest in shady stocks. Or you can start an airline. This is an industry, which globally has never earned its cost of capital (prior to Covid-19), according to a McKinsey analysis made in 2022. This analysis points out that only six, yes just six, airlines of a total of about 100, exceeded their cost of capital and made money for their shareholders between 2012
  • FONT SIZE
  • SAVE
  • PRINT
  • COMMENT
New Feature Refer & Earn
ET

Uh-oh! This is an exclusive story available for selected readers only.

Worry not. You’re just a step away.

The Economic Times