29-Sep-2010 10:32 AM

AirAsia X states public listing 'good way' to raise funds for aircraft

AirAsia X CEO Azran Osman Rani stated the carrier’s proposed listing will be a “good way” to raise funds for its fleet expansion plans (Bernama, 28-Sep-2010). Mr Osman Rani stated a larger fleet would allow it to expand its route network to underserved markets. The LCC plans to see a public listing in 2H2011.

AirAsia X: “We see listing as a good way to raise capital to buy more planes to serve more routes as well as flying more people direct to destinations ... Listing is something that we really want to pursue. We see huge upsides in the long-haul market. Malaysia is deprived of direct flights to go to some major cities,” Azran Osman Rani, CEO. Source: Bernama, 28-Sep-2010.

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More