Barclays funds AirAsia's 15 A320 purchase
The financing will bring AirAsia's total fleet to 85 aircraft by early 2010. So far, three aircrafts have been delivered under this facility since Dec 31, 2008, with the support of the export credit agencies of the United Kingdom, France and Germany.
AIRASIA GROUP CEO, Tony Fernandes, says, “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.”
AirAsia, currently has over 114 routes covering more than 64 destinations. It’s service stretches across all ASEAN member countries including, China, India and Bangladesh.
The financing will bring AirAsia’s total fleet to 85 aircraft by early 2010. So far, three aircrafts have been delivered under this facility since December 31, 2008, with the support of the export credit agencies of the United Kingdom, France and Germany.
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