Airwork refinances, expands bank debt facility

Mon, 31 Jul 2017

By Jonathan Underhill Aug. 1 (BusinessDesk) - Airwork Holdings, the aircraft services business that's 75 percent-owned by China's Zhejiang Rifa Holding Group, has refinanced and increased its bank debt facility. The new syndicated debt facility of US$195 million replaces the existing facilities of US$135 million, the Auckland-based company said in a statement. The new facility would allow Airwork to identify further business opportunities, it said. The syndicate is made up of Commonwealth Bank of Australia, its existing funder, Bank o...

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