In a statement to the stock exchange, the budget airline said it is seeking loans from financial institutions to fully fund the initial purchases of 33 aircraft between December 2005 and December 2007, valued at about 1.2 bln usd.
It added that its board approved the proposed financing structure and the proposal is currently awaiting approval from authorities.
No further information was given.
AirAsia placed a firm order with Airbus SAS for 60 Airbus A320-200 aircraft and signed an option for a further 40 aircraft.
Want more analysis like this? CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find out more and take a free trial.