Air Asia considers capitals raise and JVs to ride our COVID storm

Air Asia Group is considering a number of proposals from banks and potential investors including selling a stake in the Malaysia-based carrier, or forming a JV, to shore up the airline’s finances as its battles the impact of an almost total grounding of its fleets since the end of March due to COVID 19. Air Asia suspending the vast majority of its aircraft on March 27 due to the COVID 19 pandemic as a number of governments in its key markets, such as Thailand and Vietnam, imposing travel bans. In a statement on the company’s website today, Air Asia said