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

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

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.

The talks with the lender are still at an early stage, said the report. However, if the deal materialises, the Japanese lender will become the main funding source for the takeover offer.

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