News
AirAsia Group’s Fernandes predicts company’s fundraising to come to fruition by mid-2021
April 26th 2021
AirAsia Group co-founder and CEO, Tony Fernandes, told reporters at a Friday media event in Kuala Lumpur there would be clarity about the company's financial restructuring by July, the Reuters news agency reported. Read More » "Everything we've discussed is ongoing and our timeline is over the next two or three months. You will be able to see all of it coming to fruition," Fernandes said. AirAsia has raised about 336.46 million ringgit (US$82 million) win two tranches of private share placements. Previously, the company said it aimed to raise about 2 billion to 2.5 billion ringgit through both debt and equity "to finance, amongst others, the working capital requirements of the group".
