AirAsia Group Seeks $1B Financing After Difficult Second Quarter

airasia passenger jet
Credit: Evren Kalinbacak / Alamy
SINGAPORE—AirAsia Group is seeking up to $1 billion in financing from local and international financial institutions, alongside MYR700 million ($171 million) in additional local facilities, to strengthen liquidity after describing its second quarter as a “floor quarter.” The low-cost carrier group...
Chen Chuanren

Chen Chuanren is the Southeast Asia and China Editor for Aviation Week's Air Transport World magazine and the Asia-Pacific Defense Correspondent for Aviation Week.

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