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Base on latest announcement, the corporate guarantee by CA for the USD433m bond is only valid till completion of aviation sales to AAX. This means that once the disposal is complete, CA corporate guarantee would no longer be in effect, and the USD433m debt obligation will likely shift to the AAX. CA is moving all their liabilities to AAX! - daily interpretation from Gold Cat. Feel free to give your interpretation of the announcement! Nyan nyan
Hi Cheah! AirAsia RB 1 Ltd. which is the wholly-owned special purpose vehicle of AirAsia Berhad(AAB), will be the one taking the revenue bond of USD433m. After the disposal, AAX will owned AAB, hence the USD433m bond rights and obligation be moved to AAX. Other than that, CA will not provide corporate guarantee after the disposal. Therefore it is AAX obligation to clear the USD433m bond as they now own the aviation division which includes AAB (that took the bond). That's my understanding, feel free to give your interpretation! - Gold Cat Nyan Nyan
