Air Asia CEO Tony Fernandes to try his hand at being a food delivery rider for company's food delivery service
https://mothership.sg/2020/11/tony-fern ... -delivery/
KUALA LUMPUR (Jan 21): AirAsia Group Bhd is proposing to issue up to 668.39 million new shares or 20% of its current share capital for private placement to raise RM454.51 million.
The proposed sum is based on an indicative price of 68 sen per share.
The low-cost carrier said the private placement is not sufficient to meet its long-term cash flow.
The move is an interim measure to address its immediate cash flow operations while it explores other options to improve its long-term financial performance.
Our goal is to bring 187 aircraft back into service by year-end, around 80% of our pre-pandemic levels.
For its third quarter ended Sept 30, 2023, Capital A reported a lower net loss of RM178.82mil, compared with a net loss of RM901.31mil in the previous corresponding period, while revenue jumped to RM4.2bil compared with RM1.96bil a year earlier.
The company reported a basic loss per share of 4.30 sen, compared with a loss per share of 22.30 sen previously.
Aetherium Acquisition will acquire all the issued and outstanding share capital of Capital A International, resulting in the formation of a new listed entity.
Capital A said the proposed business combination will be at an indicative equity value of US$1bil based on an independent valuation of the AirAsia Brand.
Capital A International is seeking to generate revenue from AirAsia brand loyalty and aircraft leasing.
The release said it will also “be involved in tactical acquisition, incubation and partnerships to provide platforms for entrepreneurs.”
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