AirAsia’s Hunt for Cheaper Debt Won’t Be Easy With $100 Oil
AirAsia Group CEO Tony Fernandes is seeking cheaper financing to replace high-interest private credit. However, rising oil prices approaching $100 per barrel may hinder the company's ability to secure lower debt rates. The airline aims to reduce the exorbitant borrowing costs currently charged by private lenders.
AirAsia Group Bhd.’s Tony Fernandes is fed up with private credit and the exorbitant interest rate they charge.
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