Akasa Air seeks ₹1,050 cr as it faces pressure from escalating Iran war: Report

Akasa Air is looking to raise ₹1,050 crore ($110 million) through equity and debt to ease financial pressure caused by the Iran conflict. The airline is in talks with existing and new investors for equity funding and with state-run banks for government-backed loans. This comes as rising jet fuel prices and flight disruptions have added to the carrier's challenges.