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AAV pulls in B14bn from capital-raising strategy

AAV pulls in B14bn from capital-raising strategy

Thai AirAsia planes park at Suvarnabhumi airport on Sept 20, 2020. (Photo: @airasiaTh Twitter account)

SET-listed Asia Aviation (AAV), the majority shareholder of Thai AirAsia (TAA), completed fundraising of 14 billion baht to strengthen its financial position for a future rebound.

Tassapon Bijleveld, executive chairman of AAV, said the recent rights offering to its existing shareholders of 1,714,285,714 ordinary shares worth 3 billion baht, derives from strong support and confidence from shareholders despite the current…

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