News Summary: AirAsia X eyes $275 million IPO

News Summary: Long-haul carrier AirAsia X eyes $275M in Malaysia's biggest IPO this year

Associated Press

CASH FOR EXPANSION: Malaysia's long-haul budget carrier AirAsia X said Monday that it hopes to raise up to $275 million in the country's biggest share sale this year to repay debts and fund its expansion.

LONG-TERM GROWTH: The IPO, expected to go to market July 10, comes amid increased competition as more budget airlines grab a share of Asia's fast-growing market. Air travel in Asia is expected to grow 6.7 percent annually in the next 20 years.

LAUNCHED IN '07: AirAsia X, which was launched in late 2007, flies to 14 destinations across Asia, Australia and the Middle East.

Sorry you didn't like this comment. Please provide a reason below.

Are you sure?
Rating failed. Try again.
Request failed. Try again.
We will promote constructive and witty comments to the top, so everyone sees them!
Sorry, we can’t load comments right now. Try again.

    Recommended for You