MUMBAI/NEW DELHI, Feb. 9 -- After nearly two years of delivery disruptions, Akasa Air is emerging from aircraft supply constraints, an inflexion point that allows India's third-largest airline to restart pilot hiring, stick to its original growth plan and avoid costly short-term fixes in a fiercely competitive aviation market.

"So I'd say that's a thing of the past," Vinay Dube, the founder and chief executive officer of Akasa Air, said in an interview with Mint, referring to earlier delays. "The deliveries are much more predictable, much more frequent."

Aircraft deliveries determine pilot hiring, which in turn sets how much capacity an airline can deploy and how efficiently it can spread fixed costs, a chain Akasa says is now moving ag...