AirAsia gets US$230mil from group of lenders
AirAsia Bhd has secured US$230mil of funds from Kuwait Finance House (M) Bhd (KFHM) and a group of lenders for the purchase of six Airbus A320-200 aircraft.
KFHM is the lead arranger of the facility, arranged under the principle of Ijarah Muntahiah Bitamlik. The financing of each aircraft will be for a tenure of 12 years.
The syariah-compliant financing facility would enable AirAsia to hedge its foreign exchange exposure as well as convert its floating rate commitments into a fixed-rate exposure, said KFHM deputy chief executive officer Jamelah Jamaluddin after the signing between the two companies yesterday.
KFHM is the lead arranger of the facility, arranged under the principle of Ijarah Muntahiah Bitamlik. The financing of each aircraft will be for a tenure of 12 years.
The syariah-compliant financing facility would enable AirAsia to hedge its foreign exchange exposure as well as convert its floating rate commitments into a fixed-rate exposure, said KFHM deputy chief executive officer Jamelah Jamaluddin after the signing between the two companies yesterday.
posted by rpg at
8:20 PM
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