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New investor to inject up to USD100 million in Thai AirAsia
Thai AirAsia has secured much-needed funds from a new investor who will inject about $100 million.
It is part of a restructuring plan tabled by Thai AirAsia parent company Asia Aviation PCL.
Asia Aviation hasn’t named the investor.
Funds will come via an interest-free convertible loan or bond, AirAsia said in a filing.
Once Thai AirAsia gets regulatory approval for an initial public offering (IPO), the investor will convert the loan into shares which will give them a direct stake in the airline.
Malaysia based AirAsia Group currently owns 45% of the Thai airline.
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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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