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AirAsia owner Capital A says $226m private placement is 'done'

AirAsia owner Capital A says $226m private placement is 'done'

FILE PHOTO: Tony Fernandes, the CEO of AirAsia's parent company, Capital A, attends an interview with Reuters in Sepang, Malaysia February 26, 2024. REUTERS/Hasnoor Hussain/File photo

A private placement to raise 1 billion ringgit ($226 million) by Malaysia’s Capital A, owner of budget airline AirAsia, was “done”, Group CEO Tony Fernandes said on Monday, as the company edges closer to completing a reorganisation plan.