AirAsia Group raises $233m as rebuild continues

AirAsia Group has signalled it expects a strong rebound in air travel across south-east Asia in the coming months as the budget carrier raises $233 million from a rights issue.

The cash-strapped carrier is controlled by Malaysian tycoons Tony Fernandes and Kamarudin Meranun.

Supported by Fernandes, Kamarudin and other existing shareh

Source : Breakingtravelnews