AirAsia seeks US$400mil loan

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.