Capital A, owner of AirAsia Aviation Group (AAAGL) and AirAsia Bhd (AAB), has said it is “in the midst of exploring a potential fund-raising exercise by its aviation business”.

However, the evaluation is still in its preliminary stage, and the board of directors has not been presented with a firm proposal to deliberate on, the company elaborated in a Bursa Malaysia filing on April 15.

The announcement was made after what the company called incorrect reporting at the financial news site The Edge, which claimed…

Source: ch aviation
Read more: Malaysia's Capital A mulls fundraise for aviation business