KONTAN.CO.ID - KUALA LUMPUR. AirAsia Group Bhd is looking to raise as much as 2.5 billion ringgit ($602 million) by year-end, and is also reviewing its business in Japan as the airline seeks to weather the COVID-19 crisis, its chief executive said on Monday. Group Chief Executive Officer Tony Fernandes told Reuters in an interview that the group, Malaysia's flagship budget airline, could raise up to 1.5 billion ringgit from bank loans and another 1 billion ringgit from investors. The investors it is talking to include private equity players, strategic partners and conglomerates, both local and foreign, he said.
Malaysia's AirAsia aims to raise $602 million, to evaluate Japan operations
KONTAN.CO.ID - KUALA LUMPUR. AirAsia Group Bhd is looking to raise as much as 2.5 billion ringgit ($602 million) by year-end, and is also reviewing its business in Japan as the airline seeks to weather the COVID-19 crisis, its chief executive said on Monday. Group Chief Executive Officer Tony Fernandes told Reuters in an interview that the group, Malaysia's flagship budget airline, could raise up to 1.5 billion ringgit from bank loans and another 1 billion ringgit from investors. The investors it is talking to include private equity players, strategic partners and conglomerates, both local and foreign, he said.