AirAsia India has reportedly taken short-term loans in the last 6 months to deal with a cash shortage. The airline, which is in the process of merging with Air India Express, has never turned a profit since it began operations in 2014, and the last two years have really impacted its overall financial health.
Short-term loans
Budget carrier AirAsia India has been relying on short-term loans in the last 6 months, amounting to around $77 million. Business Standard claims to have reviewed…
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