No ECA financing for Air Asia X next A330s

London
Source: Flightglobal.com
This story is sourced from Flightglobal.com

Air Asia X is close to raise financing for next year's new Airbus A330 deliveries, according to CEO Azran Osman-Rani.

The carrier, which deferred three A330-300 deliveries this year as it builds up its balance sheet ahead of a possible public listing, says it will finance its A330s using non-Export Credit Agencies (ECA) guaranteed financings.

"The 2012 deliveries will be the A330-300s with a non-ECA financing," says Osman-Rani. "We're near on completing the financing package for that already, it's a non-ECA finance lease with some Asian banks."

According to him, Air Asia X will approach next the banking market with a request for proposals covering some A330-300 deliveries for 2013. "We will probably issue that RFP within the first quarter of next year".

AirAsia X currently operates 11 A330s and has 17 A330-300s and three A330-200s on order. According to Flightglobal's ACAS database, the A330-300s are scheduled for delivery between 2012 and 2014 while two A330-200s are expected in 2014 and another one in 2015.

The carrier also has an order for 10 A350-900s and these will be delivered from 2016 onwards.