TWO investment banks (one Middle Eastern and one European) are expected to take up about 15% to 20% equity stake in the country's no-frills airline, AirAsia Sdn Bhd, for about US$20mil or RM76mil.
Credit Suisse First Boston is arranging the deal, and both investment banks have completed their due diligence on the airline. With the sale, Tune Air Sdn Bhd's 99.75% stake would be diluted to about 80%. Mofaz Air Sdn Bhd holds the balance 0.25% stake in the airline currently.
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