Air Transport World

AirAsia. (Asia/Pacific report).(private equity placement, purchase)(Brief Article)

AirAsia completed a private equity placement representing 26% of the company to three foreign partners in late June. The new investors--IDB Infrastructure Fund LP, Crescent Venture Partners and Deucalian Capital 11 Ltd.--together will take up equity worth $26 million, with the conclusion of the transaction, Tune Air's 99.25% stake was reduced to 73.4%, while IDB, Crescent and Deucalion hold 10%, 9% and 7% respectively. …

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