AirAsia X plans rights issue funding as management shakeup looms


SINGAPORE: Malaysian long-haul budget carrier AirAsia X is set to announce a rights issue of shares as early as Friday to try and close a growing cash-flow gap, said two sources with direct knowledge of the matter.

Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


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!
   

Next In Business News

Sime Darby Property's Elmina Lakeside Mall hits 99% occupancy
Ringgit likely to face cautious trading next week
M&As in the spotlight
Key stocks to watch in 2025
Give GLICs the green light to ramp up overseas investments
Bringing the outdoors in
Will the JS-SEZ work?
Sime Motors partners with PSM to advance green mobility
Asia and EMs offer compelling value
Vincent Tan seeks new partner in HSR bid

Others Also Read