AirAsia To Raise $602M; Japanese Subsidiary Under Scrutiny

An AirAsia X A330 at Tokyo Narita.
Credit: Joe Pries
AirAsia is hoping to raise MYR2.5 billion ($602 million) by the end of the year while the fate of its Japanese operation is unclear after it was put under review, according to an interview with LCC group CEO Tony Fernandes. MYR1.5 billion would be via bank loans and the remainder through private...

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