A two-party consortium is preparing to pump around USD125 million into Akasa Air (QP, Mumbai International), according to The Economic Times. It values the low-cost carrier, which commenced revenue operations two years ago, at about USD350 million, or a four-fold increase on its initial valuation.

The newspaper cites sources close to the matter saying that Bangalore-based private equity firm Premji Invest and Manipal Group-owned venture capital firm Claypond Capital are in talks to take a “significant” minority stake. Premji…

Source: ch aviation
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