AirAsia, which has said it is looking for additional debt and equity financing, expects to reach around 70-75 per cent of normal capacity by the end of the year. — AFP pic
The carriers, which have offshoots in multiple countries, have 938 planes on order and lease most of their existing fleets of 476 planes, according to Aviation Week data. “One area that I'm concerned about generally is just those low-cost carriers who ordered too many aircraft,” Robert Martin, chief executive of Singapore-based lessor BOC Aviation told Reuters.
Lessors are offering payment deferrals to customers with grounded planes, but a possible cash crunch looms when the payment holiday ends, said Singapore-based aviation analyst Brendan Sobie.
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