- AirAsia Group is looking for cheaper debt and plans to avoid additional private credit borrowing, according to co-founder Tony Fernandes.
- Fernandes said private credit rates are expensive and that he does not want more debt.
- The financing effort faces a difficult backdrop with oil near $100, which raises cost pressure for the Southeast Asian budget carrier.
Quotes
“I don’t want to take any more private credit debt because it’s expensive”
“I don’t want more debt. I don’t like debt.”