AirAsia X considers timing of IPO

AirAsia X is carefully considering the timing of a long-planned initial public offering (IPO) given that Malaysia will soon go to the polls in a general election. Chief executive of the airline, Azran Osman-Rani, has stated that he is waiting for guidance from its bankers on whether the elections could input the offering. AirAsia X hopes to raise $250m from the IPO that will be used to acquire aircraft to expand flights and destinations. AirAsia X also plans to raise an additional $160 million through a bond sale as early as the second quarter of this year to finance aircraft.