Malaysia's Capital A looking to raise $400m equity from aviation business merger

Malaysia's Capital A looking to raise $400m equity from aviation business merger

REUTERS/Chaiwat Subprasom

Malaysia’s Capital A Berhad, parent of budget airline AirAsia, is looking to raise up to $400 million in equity from a planned merger of its aviation business, which it hopes to complete by July, its top official said on Monday.