AirAsia proposes fresh capital raising plan

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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.

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.

The RCUIDS will be issued on the basis of two RCUIDS with one free detachable warrant for every six ordinary AiAsia shares. The group has projected to raise between RM615.9mil and RM1.02bil under the minimum subscription level and full subscription level respectively.

 

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