Affin Hwang Capital added that AirAsia management has guided a possible equity raising (placement and/or rights issue). Kenanga Research said AirAsia has ongoing deliberations with a number of parties for joint -ventures and collaborations that may result in additional third-party investments in specific segments of the group’s business.
PETALING JAYA: AirAsia Group Bhd needs about RM3bil in new funding and is said to have applied for bank loans in its respective operating countries to shore up liquidity.
It has a lid on costs and is also in talks with various parties for investment into its businesses, analysts said.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
