DN - Defence Notes

AirAsia obtains financing for 15 new Airbus A320-200s

23rd February 2009 - 11:38 GMT | by The Shephard News Team

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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.

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