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AirAsia Group plans to raise USD500 million
Thai AirAsia parent Asia Aviation plans to raise more than $500 million to revive the cash-strapped airline.
Asia Aviation will sell THB8.8 billion of shares to AirAsia Group through a private placement, it said in a filing. Asia Aviation also hopes to raise an extra THB3.9 billion from loans, as well as a rights offering and sale of convertible bonds.
The LCC hopes to revitalise the business and fund a meaningful return to service as Thailand readies to reopen its borders fully for travellers from select countries.
TravelMole Editorial Team
Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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AirAsia Group plans to raise USD500 million – Support
Thai AirAsia parent Asia Aviation plans to raise more than $500 million to revive the cash-strapped airline.
Asia Aviation will sell THB8.8 billion of shares to AirAsia Group through a private placement, it said in a filing. Asia Aviation also hopes to raise an extra THB3.9 billion from loans, as well as a rights offering and sale of convertible bonds.
The LCC hopes to revitalise the business and fund a meaningful return to service as Thailand readies to reopen its borders fully for travellers from select countries..
TravelMole Editorial Team
Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
Kittipong Prapattong’s Plan for Thailand’s Tourism Growth: Taxes, Visas, and Campaigns
James Jin: Didatravel’s Journey from China to Global Reach and the Impact of AI on Travel
Darien Schaefer on Pensacola’s Evolution: From Small Town to Global Destination
Florida Tourism’s Next Frontier: Dana Young on Expanding Beyond the Classics
Patrick Harrison on Tampa Bay Tourism’s Resilience and Marketing Strategy
Bubba O’Keefe on Clarksdale’s Vibrant Music Scene
Commemorating Elvis and Embracing Tupelo’s Culture with Jennie Bradford Curlee
Craig Ray and the Expansion of the Blues Trail
Presenting Mississippi’s Cultural Trails with Katie Coats
Robert Terrell: A Journey Through BB King’s Influence
Rochelle Hicks: Celebrating Mississippi’s Musical Legacy
Exploring Jacksonville with Katie Mitura: The Flip Side of Florida
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