AirAsia sounding out investors to take it private(Update)

Founders of Asia

SINGAPORE: Founders of Asia’s No.1 budget carrier AirAsia Bhd are sounding out investors to take the company private in a management-led buyout, after its shares took a beating this year following a critical research report, people familiar with the matter said.

AirAsia boss Tan Sri Tony Fernandes and his long-time business partner Datuk Kamarudin Meranun were working with banks to secure financing for the transaction, which could be launched over the next few months, said the people, who did not want to be identified as the discussions are confidential.