Malaysian tycoon Tony Fernandes plans to raise up to US$300 million by listing shares in the long-haul arm of AirAsia, as early as July, a source has told AFP.
The funds will be for a mixture of activities including capital expenditure and repayment of loans.
Fernandes told AFP that a roadshow in Malaysia to promote his airline business would start in the second week of June with retail investors being his primary target.
"Going to do a much larger retail offering to give back something to the thousands of people who flew and supported us," he said in an email message.
"I will go on the road to meet retail investors," he added.
AirAsia X flies to cities in Australia, Japan and China from Kuala Lumpur.
