AirAsia X eyes Malaysia IPO in first half 2013

The AirAsia unit, which focuses on long-haul budget flights, is expected to raise about $250 million.

AirAsia X eyes Malaysia IPO in first half 2013
AirAsia X currently operates a fleet of nine A330s

AirAsia X, the long-haul business of Malaysian budget airline AirAsia, plans to offer up to 790.1 million shares in its initial public offering and use the proceeds for capital expenditure and the repayment of bank borrowings, the airline said in a draft prospectus issued late last week.

Although details may change as the process is still at an early stage, the deal size is currently expected to be about $250 million, sources said...

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