AirAsia secured a $230 million loan to be used to finance the acquisition of six A320s, according to press reports citing Deputy CEO Kamarudin Meranum. The carrier increased its commitment to the type last month with an order for 40 firm and 30 options (ATWOnline, July 20). The loan was arranged largely by Kuwait Finance House and adheres to Islamic financing principles. AirAsia will lease the aircraft from the lender for 12 years, at which time it will purchase them.
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