Malaysia's AirAsia financing plan attracts interest from institutions
KUALA LUMPUR (XFNews) - AirAsia Bhd said it has attracted expressions of interest to finance its planned purchase of Airbus A320-200 aircraft.
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.