AirAsia Closes $443 Million in Private Credit Financing for Fleet Renewal

Budget airline giant AirAsia has finally secured $443 million in private credit funding for the overhaul of its grounded aircraft fleet amidst the COVID-19 pandemic.

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As the travel demographic is about to change, AirAsia is being careful to refurbish its aircraft to new standards, which will satisfy them.

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This was all inclusive of the seating arrangements, in-flight entertainment systems, and improvements in cabin aesthetics.

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Through such investments, AirAsia intended to display professionalism in order for the business brand to be portrayed as a leader in the low-cost carrier industry in the vicinity.

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