KUALA LUMPUR: Tune Air Sdn Bhd is still in negotiations with financial institutions and prospective investors to fund the potential privatisation of AirAsia Bhd, the low-cost carrier told Bursa Malaysia yesterday. AirAsia said Tune Air was still negotiating the terms and conditions with the institutions and investors and would make an appropriate announcement when Tune Air had formed a firm intention on whether to proceed or not with the privatisation. AirAsia had said last month that Tune Air was considering taking the carrier private at an indicative price of about RM1.35 per share, subject to change depending on the market conditions at the point of decision. It said the options of how best to optimise and expand its operations were being developed and the privatisation option was subject to the availability of financing on acceptable terms from financial institutions and other potential investors, as well as conducive market and industry conditions. The stock rose two sen to RM1.13 with over 2.4 million shares traded yesterday.
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