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.
Denne historien er fra September 26, 2022-utgaven av Business Standard.
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Denne historien er fra September 26, 2022-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Loser takes all
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