Malaysia's AirAsia raises $443m financing to refurbish grounded planes

Malaysia's AirAsia raises $443m financing to refurbish grounded planes

AirAsia planes are seen on the tarmac at Kuala Lumpur International Airport 2 (KLIA2) in Sepang, Malaysia December 13, 2017. REUTERS/Lai Seng Sin/File Photo

Malaysian low-cost airline AirAsia, owned by Capital A, has raised $443 million in a dual-tranche financing to refurbish planes that were grounded during the pandemic, Bloomberg News reported on Thursday.