AirAsia X raises $309 million from Malaysia IPO

Despite tough market conditions worldwide, the Malaysian budget long-haul airline completes the country’s biggest IPO so far this year.

AirAsia X raises $309 million from Malaysia IPO

AirAsia X, a low-cost, long-haul airline that operates primarily in Asia, has raised M$987.7 million $309 million from its Malaysian initial public offering after fixing the price near the bottom of the indicative range. The stock will start trading on July 10.

AirAsia X is controlled by AirAsia, the Malaysian low-cost carrier LCC founded by Tony Fernandes, and is responsible for all the long-haul international flights under the AirAsia brand.


To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition


  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...