KUALA LUMPUR: AirAsia Group Bhd has announced a fresh RM1bil capital raising plan, as the budget carrier targets to resume at least 35% of its flights from pre-Covid-19 capacity by the end of the year.
AirAsia, in a filing with Bursa Malaysia today, has proposed a renounceable rights issue of up to RM1.02bil in 7-year redeemable convertible unsecured Islamic debt securities (RCUIDS).
Already a subscriber? Log in
Save 30% OFF The Star Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
