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.
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AirAsia X currently operates a fleet of nine A330s
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<div style="text-align: left;"> AirAsia X currently operates a fleet of nine A330s </div>

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.

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