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BRIEF-AirAsia Says In Talks With Banks & Investors On Various Forms Of Capital Raising

Published 02/17/2021, 05:47 PM
Updated 02/17/2021, 05:50 PM
© Reuters.
CAPI
-

Feb 17 (Reuters) - Airasia Group Bhd AIRA.KL :
* AIRASIA PROPOSES TO ESTABLISH A LONG TERM INCENTIVE SCHEME
OF UP
TO 10% OF TOTAL NUMBER OF ISSUED SHARES OF CO
* FOCUSED ON ENSURING ITS LIQUIDITY AND CAPITAL ADEQUACY,
AND ARE
CURRENTLY IN DISCUSSION WITH BANKS
* IN TALKS WITH BANKS, LENDERS AND INVESTORS ON VARIOUS
FORMS OF
CAPITAL RAISING
* SEE A POSSIBILITY OF TURNING CASH POSITIVE AT AGGREGATE
LEVEL IN
THE 4TH QUARTER OF 2020
* UNITS IN PHILIPPINES AND INDONESIA ARE ALSO SEEKING LOANS
* SEAT CAPACITY RECOVERY TO PRE-PANDEMIC LEVELS IS EXPECTED
TO
TAKE A LONGER TIME I.E. BEYOND 2020 FOR AVIATION INDUSTRY IN
MALAYSIA
* POST COVID-19, EXPECTS TO BENEFIT FROM A LEANER AND
OPTIMISED
AIRLINE OPERATION ESTABLISHED IN 2020

Source text for Eikon: ID:nKLS4wqSBB
Further company coverage: AIRA.KL

(Reuters.Briefs@thomsonreuters.com)

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