Following the merger, which is expected to conclude mid-year, the new entity will look to raise up to US$ 400mil via selling equity, Fernandes said. Citigroup Inc and US advisory bank Evercore Inc have been appointed to lead the capital raising....
A US$ 200mil revenue bond, securitised against revenue from new routes, is also expected to be finalised soon, he said. Fernandes said the merger of the two airlines will create a new firm called AirAsia Group that will subsequently take over AirAsia
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2024-02-27 00:00:00.0