PETALING JAYA: After having lost almost RM1bil in market capitalisation over the last five days, budget carrier AirAsia Bhd is spelling out measures designed to improve its balance sheet, particularly to reduce the amount owed by its associates in Indonesia and the Philippines.
To further lighten the balance sheet, AirAsia, which has been the latest target of short sellers, also plans to do a sale and leaseback of 20 aircraft this year.
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