KUALA LUMPUR, Aug 22 — Low-cost airline AirAsia, owned by Capital A, has raised US$443 million (RM1.94 billion) in dual-tranche financing to refurbish planes grounded during the Covid-19 pandemic, Bloomberg News reported today.
Global investment manager Ares Management and Singapore-headquartered Indies Capital Partners issued a US$200 million tranche, while aircraft lessors provided US$243 million to AirAsia, according to the report, which cited unnamed people familiar with the matter.
The financing had been secured by the sale of future airline tickets from the carrier’s key routes, the report said.
AirAsia did not immediately respond to Reuters’ request for comments.
— Reuters
