AirAsia announces suspension of trading ahead of new share issue

AirAsia requested (14-Sep-09) a suspension of trading of ordinary shares on 15-Sep-2009, pending the announcement on the results of the bookbuilding exercise including the pricing of new ordinary shares related to the private placement. [more] The LCC expects to raise up to USD189.6 million from the sale of 400 million new shares, representing 16.7% of existing shares, to be used to reduce debt resulting from its fleet expansion (Reuters, 14-Sep-09).