AirAsia‘s parent Capital A Bhd is raising more than 400 million ringgit ($95.53 million) in capital for its engineering arm, which plans to build maintenance, repair and overhaul (MRO) facilities at Kuala Lumpur International Airport.

ADE Chief Executive Mahesh Kumar said it would cost about 250 million ringgit to build the new facilities in Kuala Lumpur and that the company is open to developing similar facilities in Thailand, the Philippines and Indonesia.

Airasia Parent To Raise $95.5M For Engineering Arm

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Airasia Parent To Raise $95.5M For Engineering Arm

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