AirAsia X announces two new investors

Tags :Southeast Asia, AirAsia X


Japanese leasing firm Orix and Bahrain-based Manara Consortium have become the latest AirAsia X investors with the acquiring of a 20% stake in AirAsia X worth USD77.3 million.

 

Under the terms of the agreement, Manara and ORIX will each acquire a 10.0% stake in AirAsia X. Currently, Aero Ventures and the Virgin Group each have a 48.0% and 16.0% stake in AirAsia X respectively, while AirAsia will maintain its 16.0% stake.

Each new strategic investor will nominate a representative to the AirAsia X Board of Directors.

The new investments will provide the funds for AirAsia X’s growth plans, which includes aircraft orders already placed with Airbus and further fleet expansion.

(c) Centre for Asia Pacific Aviation. Date posted: 15-Feb-08

Other AirAsia X News

• AirAsia X announces direct flight to Seoul
• AirAsia X extends low-fare offering to Premium FlatBed guests
• Fly AirAsia X destinations for free
• AirAsia X extends ULD contract with Unitpool for 5 more years
• AirAsia X briefs airports to become a new hub
• AirAsia launches another route between Kuala Lumpur and Taipei
• Air Asia X Increases flight frequency
• AirAsia X to launch daily Stansted-Kuala Lumpur services
• AirAsia X to increase the frequency of flights between London, Stansted and Kuala Lumpur
• Air Asia X announces promotional campaign

Show All AirAsia X News...