AirAsia issues new shares to cut debt, service costs

Credit: Rob Finlayson
Malaysia-based long-haul, low-cost carrier (LCC) AirAsia will issue 559 million new shares, which will be taken by holdings of original airline founders Tony Fernandes and Kamaruddin Meranun. The airline said the new issue will see shares worth 1 billion ringgit ($259 million) placed with Tune Life...

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