AirAsia To Raise $113M In Rights Issue, Airbus Order Still In Place

A321neo
AirAsia has 359 Airbus A320neo family aircraft on order.
Credit: Airbus
AirAsia is planning to raise MYR455 million ($113 million) in a private placement to raise cash, pay off debts and cover expenses. In an announcement to the Malaysian bourse, the LCC group said it will issue around 668 million shares—equal to around 20% of its existing share capital. Meanwhile...

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