AirAsia X Prepares to Float Shares To Fund Expansion
Budget long-haul airline AirAsia X is eyeing a stock market listing and fleet expansion to spread its wings across the globe.
AirAsia X chief executive Azran Osman Rani seeks to raise up to $330 million in a share flotation to fund expansion plans. (Photo: Air Asia)
AirAsia X chief executive Azran Osman Rani seeks to raise up to $330 million in a share flotation to fund expansion plans. (Photo: Air Asia)

Budget long-haul airline AirAsia X is eyeing a stock market listing and fleet expansion to spread its wings across the globe. The Malaysia-based carrier’s chief executive, Azran Osman Rani, has been in talks with institutional investors about a flotation in the next year or two to fund growth. According to sources in the Kuala Lumpur financial community, the company aims to raise up to $330 million through the initial public offering (IPO).

Osman Rani, who visited London last month for the negotiations, said the talks are at an early stage and the carrier was still choosing investment banks to help with the IPO. He declined to say where or when the group might list.