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AirAsia secures five-year term loan facility of up to US$150 mil | Scoop

16082023 - Kapal Terbang Airasia di Lapangan Terbang Kuala Lumpur (KLIA) Terminal 2 - AZIM RAHMAN 2 — AirAsia Bhd said the airline will use the loan for working capital requirements and fund aircraft and engine maintenance costs. – Scoop pic, October 3, 2023

AirAsia secures five-year term loan facility of up to US$150 mil

The term loan was approved by Bank Negara on September 19

Updated 3 October, 2023

3 October, 2023

7:07 PM MYT

KUALA LUMPUR – AirAsia Bhd has accepted a five-year term loan of up to US$150 million (RM705 million) from a financial institution.

In a filing with Bursa Malaysia today, Capital A Bhd, the parent company of AirAsia, said the airline will use the loan for working capital requirements and fund aircraft and engine maintenance costs.

“The term loan was secured by, inter-alia, a corporate guarantee from Capital A, which shall remain throughout the term of the term loan,” it said.

Capital A added that Bank Negara Malaysia (BNM) on September 19, had approved AirAsia’s application for the term loan under its Foreign Exchange Policy. – October 3, 2023

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