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.
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\"All the world's a stage, and all the men and women merely players.\" If we start looking at ourselves as characters who perform, and observe where the stage is, a lot more can start to make sense.
