According to the Reuters report of 14 September 2009 …
“AirAsia is trying to raise fund of up to RM560 million by selling 400 million new shares via private placement to reduce its debts. Analysts in Malaysia said last month that AirAsia’s tight cash flow and high debt level was worrying given its commitment to fund aircraft deliveries. Last month it deferred the delivery of eight Airbus A320 aircrafts to 2014 from 2010, which analysts said signals potential over-capacity in the future.” Continue reading “AirAsia needs fund to reduce debts!”