AirAsia taps banks for U.S. dollar funding programme -IFR

Reuters | .

Malaysia's AirAsia Bhd has hired lenders Barclays PLC, CIMB Group Holdings Bhd and RHB Capital Bhd to arrange financing through a U.S. dollar medium-term note programme, IFR reported on Tuesday.

The report comes as Asia's biggest budget carrier earlier this month said major shareholders were evaluating "all strategic options" after Reuters reported that its chief executive was seeking investors to take the airline private.

Reuters reported last month that AirAsia's founders were considering a management-led buyout after its shares fell to a seven-year low following the publication of a research report critical of the airline's accounting practices.

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