AirAsia obtains financing for 15 new Airbus A320-200 aircraft
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AirAsia has mandated (23-Feb-09) Barclays Capital, the investment banking division of Barclays PLC, to finance 15 of its new Airbus A320-200 aircraft. The financing will bring AirAsia's total fleet to 85 aircraft by early 2010, operated by Malaysia-based AirAsia Berhad and its affiliates Indonesia AirAsia and Thai AirAsia.
So far 3 aircraft have been delivered under this facility since 31-Dec-08, with the support of the Export Credit Agencies of the United Kingdom, France and Germany.
A signing ceremony was held today in London to formalise the facility, attended by AirAsia Berhad, Barclays Capital, Airbus and BayernLB.
AirAsia Group CEO, Tony Fernandes said, “AirAsia is very pleased to have secured this financing from Barclays Capital which represents part of the financing that we have secured for our Airbus A320 aircraft purchases for the next couple of years. This is crucial in ensuring that AirAsia meets its projected expansion growth. We are working very hard to secure rights to fly to more destinations, which will only be possible with deliveries of the new aircraft.”
(c) Centre for Asia Pacific Aviation. Date posted: 24-Feb-09
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AirAsia obtains financing for 15 new Airbus A320-200 aircraft 
