Akasa Air secures ₹740 crore IndusInd loan, keeps IPO plan unchanged
Akasa Air has secured a ₹740 crore ECLGS working-capital loan from IndusInd Bank to support operations as it runs a 40-aircraft network across 36 destinations. The airline says it remains on track to pursue an IPO in two to four years.
Akasa Air secured a ₹740 crore ECLGS working-capital loan from IndusInd Bank for normal operations, as it expands its 40-aircraft network. The airline said the funding does not alter its plan to pursue an IPO within two to four years.
Why this matters
The funding aligns with Akasa Air’s recent emphasis on profitability and its support for airport-operator investment in airlines and airport-airline ownership policy to increase competition.
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