AirAsia India has been making losses since its first commercial flight on June 12, 2014. Its net loss increased by 42 per cent to ₹2,178 crore in FY22.
Standard Chartered had Bank given ₹200 crore as short-term loan and ₹30 crore as overdraft facility to the airline last month, according to documents reviewed by Business Standard (see table).
IndusInd Bank gave ₹200 crore to the airline in a short-term loan to the airline in June. Tata Capital gave a short-term loan of ₹200 crore in April this year.
These short-term loans have been given to the airline at around eight per cent interest rate, according to the documents.
This story is from the September 26, 2022 edition of Business Standard.
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This story is from the September 26, 2022 edition of Business Standard.
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