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.
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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..
Related News Stories:
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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