Parent Company of AirAsia Seeks to Generate Over $1 Billion Through Debt and Equity Funding
Capital A Berhad, the parent company of AirAsia, has set its sights on a substantial financial endeavor, with ambitions to secure in excess of $1 billion in capital, a combination of debt and equity sources. In a strategic move aimed at capital expansion, the company also intends to facilitate the listing of select business entities via a special-purpose acquisition company (SPAC).
The Financial Times reported on Wednesday that Capital A Berhad's CEO, Tony Fernandes, has entered into a strategic agreement with Aetherium Acquisition, a prominent SPAC. This partnership is poised to pave the way for the listing of multiple business divisions through this SPAC vehicle, with this momentous step expected to materialize in the coming year.
While specific details remain undisclosed, the reported collaboration is anticipated to unlock new avenues for Capital A Berhad and its subsidiary, AirAsia. The move to raise funds through a combination of debt and equity underscores the company's commitment to fueling growth and expansion in the competitive aviation and travel industry.
These developments mark a significant juncture in the journey of Capital A Berhad and AirAsia, promising exciting prospects for the company and its stakeholders in the months ahead.
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