AirAsia secures US$443mil private credit funding

Capital A chief executive officer Tan Sri Tony Fernandes.

PETALING JAYA: Capital A Bhd has secured a US$443mil revenue bond for AirAsia Bhd, saying that the credit is a critical step in the group’s ongoing commitment to strengthening its financial position.

The group said the private credit funds – Ares Management Corp and Indies Capital Partners – would provide US$200mil of the funding, which will be strategically utilised to reactivate aircraft that were grounded during the Covid-19 lockdowns.