World & BusinessAirAsia reportedly seeks $1 billion refinancing to lower interest payments
Bloomberg reports AirAsia is paying interest rates as high as 11%, while oil near $100 a barrel could make it tough for the airline to turn a profit.
TLDR
AirAsia is seeking a $1 billion refinancing package to reduce interest payments, some as high as 11%, Bloomberg reports. The outlet says oil prices near $100 a barrel may make it difficult for an airline selling cheap tickets to make money.
AirAsia reportedly seeks $1 billion refinancing to lower interest payments
Bloomberg reports AirAsia is paying interest rates as high as 11%, while oil near $100 a barrel could make it tough for the airline to turn a profit.
TLDR
AirAsia is seeking a $1 billion refinancing package to reduce interest payments, some as high as 11%, Bloomberg reports. The outlet says oil prices near $100 a barrel may make it difficult for an airline selling cheap tickets to make money.