Mumbai/IBNS, July 14 -- Akasa Air is looking to raise $110 million (around Rs. 950 crore) through a mix of equity and debt to cushion the impact of rising operational costs triggered by the ongoing conflict in West Asia, NDTV Profit reported.

Equity, debt fundraising underway

According to the report, India's youngest airline has approached its existing investors, along with two new investors, to raise around Rs. 8 billion (Rs. 800 crore) through equity.

The airline is also in talks with public sector banks to secure approximately Rs. 2.5 billion (Rs. 250 crore) in debt financing.

Akasa Air had last raised funds from its investors in June 2025.

West Asia conflict adds to cost pressures

The geopolitical tensions have also disrupted fl...