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)