The loan will be in the form of a revenue bond, with investors to be paid out of ticket sales from 10 AirAsia flight routes, sources said. — Bloomberg
KUALA LUMPUR: Budget carrier AirAsia, a part of the Capital A Bhd
group, is seeking a US$400mil loan, half of it from private credit funds, to refinance debt, according to people familiar with the matter.
The loan will be in the form of a revenue bond, with investors to be paid out of ticket sales from 10 AirAsia flight routes, the people said, declining to be identified because the matter is private.
A representative of the company declined to comment.
Capital A is no stranger to private credit. An engineering and maintenance subsidiary Asia Digital Engineering in April secured a US$100mil investment from private-credit provider OCP Asia Ltd, according to a statement at the time. — Bloomberg
