AirAsia has mandated Barclays Capital 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 three aircraft have been delivered under this facility since 31 December 2008, with the support of the Export Credit Agencies of the United Kingdom, France and Germany. A signing ceremony was held in London on 23 February to formalise the facility, attended by AirAsia Berhad, Barclays Capital, Airbus and BayernLB.
Tony Fernandes, AirAsia Group CEO 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.
“This partnership between AirAsia and Barclays Capital is a testament of the confidence and trust that the global financial community has towards AirAsia’s prospects and potentials. We are very positive that we will carry through the global economic storm and emerge bigger and stronger,” added Fernandes.
The DoD has changed its structures and is been increasing efforts to facilitate access to loans by companies interested in working with artificial intelligence, advanced materials and semiconductors, biotechnology and quantum science.
India has approved millions of dollars in new military purchases, most of which will go to public sector companies.
The main obstacles to overcoming risks in the region are a lack of a strong cybersecurity culture and inadequate funds to invest in this domain given a widespread Chinese presence in the region.
MBDA is adapting to supply chain pressures as the Russian invasion of Ukraine leads to increased demand for armaments.
Despite the additional funding promised this week, the UK armed forces still look set to face cutbacks, and maintaining international commitments to AUKUS and GCAP may limit the options for other programmes.
This week on the Shephard Defence Podcast, senior naval reporter Harry Lye and military training & simulation reporter Norbert Neumann chat with Professor John Louth.
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