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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