Deals
AirAsia X, Nok Air to Raise Funds in IPO Amid Boom in Travel
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AirAsia X Bhd. and Nok Airlines Co. said they will sell shares in initial public offerings to fund expansion plans as economic growth in Asia spurs travel demand.
AirAsia X, the long-haul arm of Asia’s biggest budget carrier AirAsia Bhd., plans to raise as much as $370 million through an offering in Malaysia, according to the term sheet obtained by Bloomberg News. Nok Air, a budget carrier controlled by Thai Airways International Pcl, plans to collect 3.25 billion baht ($106 million) from its IPO, the company said.