Akasa Air (QP, Mumbai International) has raised its borrowing limit by more than three times, to INR39.5 billion rupees (USD418 million) from INR12 billion (USD127 million) previously, as it continues efforts to expand operations. Holding company SNV Aviation approved the new limit at a shareholders' meeting in May 2026.

The resolution comes amid government plans to offer a INR40 billion (USD424 million) emergency credit programme to its airlines as it seeks to cushion them from the effects of the war in the Middle East. Carriers will be able to tap the state for loans of up to INR15 billion (USD156 million). Akasa Air also recently set up an aircraft finance and leasing facility as it continues its expansion efforts.