Thai AirAsia Parent Raising Up To $536 Million As Airline Plots Recovery From Pandemic-Induced Travel Slump

Thai AirAsia Parent Raising Up To $536 Million As Airline Plots Recovery From Pandemic-Induced Travel Slump

Asia Aviation—the operator of Thailand’s Thai AirAsia—will raise as much as 17.9 billion baht ($536 million) in a revised financial restructuring plan aimed at reviving the loss-making airline that was hard hit by the Covid-19 pandemic.