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AirAsia secures new five-year loan

Victoria Tozer-Pennington
By Victoria Tozer-Pennington Oct 05, 2023 0 mins read
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AirAsia secures new five-year loan

AirAsia Berhad (AAB) has secured a five-year term loan facility of up to US$150.0 million offered by an unnamed financial institution. The proceeds will be used to fund aircraft and engine maintenance cost and the working capital requirements of AAB

The term loan is secured by, inter-alia, a corporate guarantee from Capital A, which shall remain throughout the term of the term loan.

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