AirAsia explores options for long-haul unit
Malaysia’s AirAsia Group is weighing options for its long-haul unit AirAsia X including introducing a financial investor to help shore up the unit’s finances, according to people familiar with the matter. The carrier is also studying alternatives including getting support from Khazanah Nasional, Malaysia’s sovereign wealth fund, or integrating AirAsia X into the group, the people said. Shuttering AirAsia X could also be one of the options, said the people. AirAsia has been in talks with investment banks about strategic options for the long-haul unit, which reported a net loss of about US$113m in 2019, the people said. The discussions began even before the coronavirus pandemic disrupted global travel, one of the people said. Bond issuance to boost the unit’s financing has also been considered. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2020-03-27/unaligned/airasia-explores-options-for-long-haul-unit
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AirAsia explores options for long-haul unit
Malaysia’s AirAsia Group is weighing options for its long-haul unit AirAsia X including introducing a financial investor to help shore up the unit’s finances, according to people familiar with the matter. The carrier is also studying alternatives including getting support from Khazanah Nasional, Malaysia’s sovereign wealth fund, or integrating AirAsia X into the group, the people said. Shuttering AirAsia X could also be one of the options, said the people. AirAsia has been in talks with investment banks about strategic options for the long-haul unit, which reported a net loss of about US$113m in 2019, the people said. The discussions began even before the coronavirus pandemic disrupted global travel, one of the people said. Bond issuance to boost the unit’s financing has also been considered. <br/>
