AirAsia (AK, Kuala Lumpur International) is close to finalising its negotiations for up to MYR1 billion ringgit (USD235 million) fresh capital from undisclosed investors, deputy group chief executive officer, Farouk Kamal, said at an industry event.

As reported by Reuters, Kamal said the talks were “not just from an equity injection perspective, but from an overall transactions perspective”. He did not provide any further details regarding the timeline, the structure and terms of the financing, or any hints about the investors’ identity….

Source: ch aviation
Read more: AirAsia nears conclusion of 5mn capital injection talks