Starlux Airlines hopes to raise $164 million capital

Starlux Airlines is hoping to raise $164 million in funds to improve its financial structure and enrich the working capital, the airline said in a Taipei Exchange filing. In September 2022, the airline raised capital of $100 million. “The board of directors had approved the issuance of no more than 300 million common shares. The issue price will be announced separately after the price is set, and the chairman, Chang Kuo-wei has been authorised to determine whether the market conditions are favourable before triggering the process,” the airline said in a statement. The move comes at a time when the