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01 April 2020 The on-line newspaper devoted to the world of transports 19:43 GMT+2

October 28, 2003

Air Asia secures $46m loan for expansion

KUALA LUMPUR - Malaysia's no-frills carrier Air Asia said yesterday that it had secured a 100-million ringgit (S$45.5-million) loan from Southern Bank and Singapore's DBS Bank for fleet expansion.

The two-year bridging loan, which is provided in equal amounts by the two lenders, will be used to buy four aircraft ......
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