AirAsia Group plans to raise USD500 million - TravelMole


AirAsia Group plans to raise USD500 million

Sunday, 20 Oct, 2021 0

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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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

Sunday, 20 Oct, 2021 0

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..

 

Read full story



Related News Stories:  



 

profileimage

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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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

Tricia Handley-Hughes of Inteletravel announces the location for the TravelQuest 2025 conference

Insights from James Ferrara on Inteletravel’s Growth and Future

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