AirAsia secure new fleet funding
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Malaysian low-cost carrier, AirAsia, has secured funding for 15 A320-200s from Barclays Capital, the investment banking division of Barclays Plc, according to a Business Times report.
The financing will bring AirAsia’s total fleet to 85 aircraft by early 2010, operated collectively by the AirAsia and its Thai and Indonesian subsidiaries.
“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 potential,” Air Asia’s Chief Executive Officer, Tony Fernandes, was quoted saying. “We are very positive that we will carry through the global economic storm and emerge bigger and stronger,” he added
AirAsia is the world’s largest A320-200 customer having placed a firm order for with Airbus for 175 of the single-aisle aircraft in December 2007, with the option for 50 more. Deliveries are expected to run until 2014.
A signing ceremony, held in London earlier this week to formalise the facility, was attended by representatives from AirAsia, Barclays Capital, Airbus and BayernLB, the Business Times report added.
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