AirAsia Chief to Scout for More Fundraising After SPAC Listing.

FUNDRAISING; AIR travel; EMERGING markets

AirAsia chief Tony Fernandes plans to seek fresh funding in Southeast Asia's equities markets after a SPAC listing in the U.S. Options for fundraising include revisiting plans for an initial public offering of aviation assets in the Philippines and doing a share placement in Indonesia. Fernandes also mentioned the possibility of listing a host of nonaviation units. The group is seeking to expand globally and recover from the pandemic and regional competition. They are focusing on restructuring and aviation recovery, with plans to add more flight routes and return a full fleet of jets to service. [Extracted from the article]

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