AirAsia X plans rights issue, overhauls management

Singapore

LONG-HAUL budget carrier AirAsia X - which is planning to raise some RM395 million (S$146.97 million) via a rights issue - has appointed new senior management, confirming reports earlier this week that chief executive Azran Osman-Rani was on his way out.

AirAsia X announced that AirAsia director Kamarudin Meranun has been made AirAsia X's group chief executive; and named AirAsia's former head of corporate development and investor relations, Benyamin Ismail, a…