AirAsia has mandated Barclays Capital, the investment
banking division of Barclays PLC, to finance 15 of its new Airbus
The financing will bring AirAsia's total fleet
to 85 aircraft by early 2010, operated by Malaysia-based AirAsia
Berhad and its affiliates Indonesia AirAsia and Thai AirAsia. So
far 3 aircraft have been delivered under this facility since 31
December 2008, with the support of the Export Credit Agencies of
the United Kingdom, France and Germany.
ceremony was held in London on Monday to formalise the facility,
attended by AirAsia Berhad, Barclays Capital, Airbus and BayernLB.
Tony Fernandes, AirAsia Group CEO said, “AirAsia is very
pleased to have secured this financing from Barclays Capital which
represents part of the financing that we have secured for our
Airbus A320 aircraft purchases for the next couple of years. This
is crucial in ensuring that AirAsia meets its projected expansion
growth. We are working very hard to secure rights to fly to more
destinations, which will only be possible with deliveries of the
AirAsia operates over 114 routes covering more than
64 destinations. Within 7 years of operations, AirAsia has carried
over 55 million passengers and grown its fleet from just
two aircraft in 2001.
AirAsia’s low cost
long haul carrier affiliate, AirAsia X, will soon commence service
between Kuala Lumpur and London (Stansted), in addition to its
existing routes to Australia (Melbourne, Perth and Gold Coast) and
China (Hangzhou and Tianjin).
AirAsia became the
largest airline customer in the world of the Airbus A320-200,
after placing a firm order for a total of 175 aircraft in December
2007, with the option for 50 more. Deliveries are expected to run
“This transaction is the culmination of a close
long-standing relationship between AirAsia Berhad and Barclays
Capital. Our focus is on meeting our clients' needs, especially in
the most challenging conditions. We are proud to support AirAsia
Airbus in the financing of these aircraft and assist the airline
in achieving its ambitious growth plans,” said Arnaud Fiscel, Head
of Aviation at Barclays Capital in London.
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