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AirAsia Studies Fundraising, Joint Ventures Amid Virus Squeeze

AirAsia aircraft stand on the tarmac at Kuala Lumpur International Airport 2 (KLIA2) in Malaysia on May 13. — AirAsia aircraft stand on the tarmac at Kuala Lumpur International Airport 2 (KLIA2) in Malaysia on May 13.
Photographer: Samsul Said/Bloomberg

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June 5, 2020, 7:55 AM UTC

AirAsia Group Bhd. is evaluating capital-raising proposals from bankers and looking at potential partnerships as it tries to ease liquidity pressure that’s also having knock-on effects on aircraft lessor Fly Leasing Ltd.

The Malaysian budget carrier is in talks with “a number of parties” about joint ventures and collaboration that may lead to additional investment, it said in a statement. SK Group is reviewing a proposal to buy a small stake in the airline, though no decision has been made yet, a spokesman at South Korea’s third-biggest conglomerate said, without providing further details.