Akasa Air plans to raise $300 million in structured credit
Mon, Feb 5, 2024 2:47 PM

Akasa Air plans to raise $300 million in structured credit

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Akasa Air, India's youngest airline, plans to raise $300 million in structured credit through Swiss bank UBS to fund its expansion. It previously ordered 150 Boeing 737 Max aircraft and plans to purchase 226 in total. The airline reported operating revenue of Rs 777.85 crore and continues to attract investors despite losses due to the growth in domestic air traffic.

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