The Indian low-cost carrier is said to be pursuing a mix of equity and debt worth about $110 million as Iran war-related expenses add pressure.
Akasa Air is reportedly looking to raise 10.5 billion rupees, or roughly $110 million, through a combination of equity and debt as Iran war-related costs squeeze the Indian low-cost carrier. The funding effort points to rising operating pressure tied to geopolitical disruption, which can lift fuel, insurance and route-related expenses for airlines.