KUALA LUMPUR: AirAsia X
targets US$500mil to US$600mil in debt restructuring after the budget airline bought the short-haul aviation business of Capital A, says deputy group chief executive officer Farouk Kamal.
AirAsia X, the medium-haul affiliate of Capital A’s AirAsia, plans to combine the firms’ seven airlines under one banner.
“We are also looking at a lot of refinancing initiatives ... to stretch out the tenure, to reduce the interest costs and to collapse all our debt instruments into one or two loan instruments,” Farouk said in an interview on Wednesday.
...