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AirAsia units plan US$300m bond issues

The group will also sell and lease back up to 20 planes to cut debt, says CEO Tony Fernandes

Mr Fernandes says that AirAsia is looking to take the loss-making associates in the Philippines and Indonesia public in 2017, seeking valuations of about US$700 million for the Indonesia firm and US$600 million for the Philippine business.


AIRASIA Bhd, Asia's biggest budget airline, plans to raise funds at loss-making associates by issuing up to US$300 million in bonds and may sell planes to help cut group debt, chief executive Tony Fernandes said in a letter to investors.

Mr Fernandes, who has steered...

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