AirAsia Group raises $82m from TPG execs, Aimia, others in private share placement

Visual from the company website

AirAsia Group Bhd has raised $82 million from TPG Capital executives, Aimia Inc., and others through a private share placement, the Malaysian budget airline said on Wednesday as it looks to ensure liquidity in 2021.

The airline raised 336.46 million ringgit ($81.70 million) over two tranches by issuing 470.21 million new shares, representing 14.07% of the group’s total issued shares.

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