What is the exact amount AirAsia aims to raise in six months?

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AirAsia Group Targets RM2 Billion Capital Raise Within Six Months

AirAsia Group intends to raise RM2 billion over the next six months to strengthen its financial position. This capital raise is a key component of the group's strategy to navigate the ongoing impact of the Covid-19 pandemic and work towards profitability.
Share Offering to Third-Party Investor

A portion of the intended RM2 billion capital raise will be sourced through a share offering. This offering is planned to take place within the next six months and will involve placing new shares with a third-party investor. The group has indicated that significant interest has been generated by this initiative.
Aiming for Profitability by 2021

The capital injection is part of Chief Executive Officer Tan Sri Tony Fernandes's broader goal of returning the group to profitability. Fernandes has expressed confidence that AirAsia can achieve profitability in 2021, despite the substantial net loss of RM804 million reported for the first quarter.
Continued Operations in Joint Ventures

Fernandes also addressed speculation regarding the group's joint ventures in Japan and India, dismissing any immediate plans for withdrawal. He stated that both markets remain promising and that the company has excellent partners in place. Expansion in these markets is a focus, with the potential for profitability within approximately one year.

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What is the exact amount AirAsia aims to raise in six months?

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