New Delhi, Aug. 5 -- Air India Express has nearly doubled its borrowing capacity in just 21 months, raising the ceiling to Rs.20,000 crore, as the Tata Group's low-cost carrier seeks additional financial muscle to navigate geopolitical disruptions, soaring fuel prices and mounting costs.

The increase, approved by shareholders at the airline's annual general meeting on 15 July, marks the second hike in six months and the fourth revision since the merger of AirAsia India with Air India Express.

The borrowing limit has risen from Rs.11,600 crore in October 2024 to Rs.14,000 crore a month later, Rs.17,500 crore in February this year and now Rs.20,000 crore. The latest approval comes even as the airline grapples with a difficult operating en...