AirAsia co-founder said to be seeking $240m financing for Malaysia Airlines bid

A member of the ground staff walks near a Malaysian Airlines Bhd. aircraft at Kuala Lumpur International Airport (KLIA) in Sepang, Selangor, Malaysia, on Tuesday, Jan. 17, 2017. Photographer: Sanjit Das/Bloomberg

Najah Air Sdn Bhd, led by AirAsia Group co-founder and former chairman Pahamin Ab Rajab, is in the market to raise about 1 billion ringgit ($240 million) from a Japanese lender to take over Malaysia Airlines Bhd, according to a report by The Edge.

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