The board of AirAsia X (D7, Kuala Lumpur International) has released details of its proposed acquisition of AirAsia Bhd, operator of AirAsia (AK, Kuala Lumpur International), and AirAsia Aviation Group, operator of the non-Malaysian AirAsia-branded airlines. In addition, in an April 26 Bursa Malaysia filing, the board detailed plans for an issuance of free warrants, a private placement, and a share capital reduction following the finalisation of the bid.
The planned purchase will be accompanied by an internal reorganisation that will see seven…
