AirAsia parent to raise $95.5m for engineering arm

Macau Photo Agency / Unsplash

AirAsia‘s parent Capital A Bhd is raising more than 400 million ringgit ($95.53 million) in capital for its engineering arm, which plans to build maintenance, repair and overhaul (MRO) facilities at Kuala Lumpur International Airport.

Chief Executive Tony Fernandes of Capital A, which owns Malaysia’s flagship budget airline AirAsia, on Tuesday said the group would support growth at the wholly-owned Asia Digital Engineering (ADE) subsidiary.

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