AirAsia X Raising Funds To Aid Fleet Reactivation

AirAsia X Airbus
Credit: ZapperSiR/Alamy Stock Photo
Malaysian long haul LCC AirAsia X (AAX) intends to strengthen its balance sheet by raising money through the sale of shares to institutional investors. The carrier announced a proposed placement of shares with two institutional investors, one of which is a Malaysian investor, AAX says. These moves...
Adrian Schofield

Adrian is a senior air transport editor for Aviation Week, based in New Zealand. He covers commercial aviation in the Asia-Pacific region.

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