AirAsia X to sell 20 per cent stake
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AirAsia X to sell 20 per cent stake

AirAsia X to sell 20 per cent stake

Malaysia's AirAsia X will raise $75m by selling a 20 per cent stake in the budget carrier to private equity funds from Japan and Bahrain, an airline official said, reported AFP. AirAsia X is expected to announce Thursday the entry of two new investors which comes after British billionaire Richard Branson's Virgin Group took a 20 per cent stake in AirAsia last August. The official said Japan's top leasing firm, Orix Group and Bahrain's Perigon Capital will each acquire 10 per cent stake in AirAsia X.

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