Thursday, July 9, 2009

AirAsia share sale may go to single investor

07 July 2009

Tony Fernandes, CEO of Malaysia low cost carrier AirAsia, says the 20% share issue the airline plans could go to a single investor.

"(A single investor) is an option," says Fernandes in an email to ATI. "Many have approached us for the whole twenty per cent."

Fernandes says he has no preference between a local or foreign investor, and confirms that she share sale is to reduce debt.

In late June the airline issued a brief announcement to Bursa Malaysia, Malaysia's stock exchange, saying it plans to issue new shares, equivalent to 20% of its issued and paid-up capital.

Further details will be made available upon appointment of the proposed agents, it said.

AirAsia currently has over 100 Airbus A320s on firm order and is now working to get financing for some of these.

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