Asia Digital Engineering (ADE), the maintenance, repair, and overhaul (MRO) unit of Capital A Bhd, obtained a $100 million loan facility from QNB Group on May 22, 2026, to support its expansion plans and refinance existing private debt [1, 2]. Part of the funds replaced a 2023 private credit borrowing of the same amount from OCP Asia Ltd [2].
ADE aims to accelerate growth and meet increasing demand for aircraft MRO services across the ASEAN region with the new financing [1, 2]. The company has demonstrated strong operational capability, having completed over 300 C-checks in the past five years. Its line maintenance network currently covers 20 airports regionally, while its base maintenance capacity supports up to 16 lines [1].
Mahesh Kumar, CEO of ADE, said the financing reflects "our financial track record, disciplined execution, and clear growth strategy." He added that the funds will help ADE "invest in additional capacity to meet the strong and growing demand for MRO services, and strengthen our ability to deliver efficient, world-class maintenance" [1].
ADE evolved from AirAsia’s internal engineering unit into a regional aviation services business that now supports global airlines including Air France [1]. Tan Sri Tony Fernandes, CEO of Capital A, described ADE as "a fast-rising aviation services business supporting multiple global airlines" and said institutional interest is growing. "I’m confident ADE will move even faster, expand further, and seize the huge opportunities in the MRO space, ultimately turning into a regional powerhouse," he said [1].
QNB Group’s senior executive vice-president Khalid Ahmed Al-Sada said the loan is "another step forward to actively support aircraft maintenance, repair, and overhaul financing and airspace growth in the Asian market." He noted that QNB aims to broaden its international footprint in the Middle East, Africa, and Southeast Asia (MEASEA) region while maintaining market leadership [1].
ADE’s expanded capacity and finances are expected to enable it to better serve a growing airline customer base across Southeast Asia. The company is positioned to increase its MRO offerings at its 20 line maintenance airports and 16 base lines. The loan facility closing in May 2026 marks a key step in ADE’s growth trajectory after its initial private borrowing in 2023 [1, 2].
