AirAsia X planning rights issue, senior management shuffle: reports

Singapore

LONG-haul budget carrier AirAsia X is planning a rights issue as it struggles with cash-flow issues, reports said, while some of its senior management could be on the way out.

According to a Reuters report, Malaysia-based AirAsia X could announce a rights issue as early as this Friday, although it is also exploring other funding options. This comes after it was reported in No…