MUMBAI, June 18 -- Akasa Air has increased its borrowing limit more than threefold to Rs.3,950 crore from Rs.1,200 crore as the country's youngest airline looks to fund its growing operations and tap a government-backed credit programme.

SNV Aviation, Akasa's holding company, approved the new borrowing limit at a special shareholder meeting in May, following an increase in March 2025. Air India Express raised its borrowing limit by 25% to Rs.17,500 crore in March.

"Considering the growing operations and resultant increase in the financial requirement of the Company in the near future and the proposed availment of the Emergency Credit Line Guarantee Scheme (ECLGS) that is likely to be provided by the government to airlines, it is propose...