AirAsia to Raise 1 Billion Ringgit in Share Sale to Founders

  • AirAsia to sell 559 million shares at 1.84 ringgit to Tune
  • Tune controlled by group CEO Fernandes, Chairman Kamarudin

AirAsia Bhd. is raising 1 billion ringgit ($257 million) selling stock to a company controlled by its founders as the continent’s biggest budget airline raises cash to finance aircraft purchase and pare down debt.

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