AirAsia secures $443m financing, with $200m for aircraft refurbishment and $243m for lease liabilities.
AirAsia secures $443m dual-tranche financing, with $200m for aircraft refurbishment from Ares Management Corp. and Indies Capital Partners, and $243m for lease liabilities from aircraft lessors. The deal involves privately-placed bonds linked to future airline ticket sales, offering 11% coupon for 4 years and 7% for 2 years. AirAsia plans to expand its medium-long haul network to Europe and North America.
August 22, 2024
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