News
AirAsia X negotiates US$11 million in fresh capital via share placement
May 24th 2023
AirAsia X (AAX) has secured up to 50 million ringgit (US$11 million) in capital via a share placement with two institutional investors. Read More » The proceeds of the interim fundraising will bolster the LCC's short-term working capital as it recovers from the impact of COVID-19, AAX said. “As of May 2023, AirAsia X has 17 aircraft in its fleet with 11 of them activated and operational. We aim to activate more aircraft by the end of the year,” AAX CEO, Benyamin Ismail, said. “With this proposed placement, all indicators signal the company is moving in the right direction and will have a much stronger basis for revitalising its business as the recovery takes place.”
