Malaysia Airlines secures USD1.7bn financing for six A380s and two A330s

Malaysia Airlines secured state-backed Islamic bond facility to raise up to MYR5.3 billion (USD1.73 billion) for the purchase of eight new widebody Airbus aircraft, comprised of six A380-800s, one A330-200F and one A330-300. The state-guaranteed bond was established through Turus Pesawat Sdn Bhd, a special-purpose vehicle wholly owned by the Ministry of Finance, MAS said. Notes issued under the bond will have a tenure of up to 20 years.