Air turbulence: Fernandes began talks with bankers to take Asia’s No.1 budget airline private after a plunge in its stock price put US200mil worth of loans borrowed against AirAsia’s shares at risk, people familiar with the situation said. — Reuters
Plunge in airline’s stock price put share-backed loans at risk
SINGAPORE: AirAsia founder Tan Sri Tony Fernandes (pic) began talks with bankers to take Asia’s No. 1 budget airline private after a plunge in its stock price put US$200mil worth of loans borrowed against AirAsia’s shares at risk, people familiar with the situation told Reuters.
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