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Airasia Parent To Raise $95.5M For Engineering Arm

Airasia Parent To Raise $95.5M For Engineering Arm

02/15/22, 11:14 AM
Money raised
$95.5 million
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.

Company Info

Company
Air Asia
Additional Info
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.