AirAsia (AK, Kuala Lumpur International) has locked in dual-tranche private financing of USD443 million to fund refurbishing parked planes and refinance lease liabilities, according to an August 22 statement from majority owner Capital A.

California-headquartered Ares Management Corporation and Singapore-based Indies Capital Partners Pte. Ltd., both alternative investment managers, tipped in USD200 million for the refurbishments, while aircraft lessors have provided the remaining USD243 million to refinance lease liabilities….

Source: ch aviation
Read more: AirAsia receives 3mn in private financing