Other News - 02/14/2008

February 15, 2008
AirAsia X yesterday confirmed the sale of 10% stakes to Bahrain-based Manara Consortium and Japan's Orix Corp. for a combined MYR250 million ($77.2 million) cash consideration ( ATWOnline , Feb. 14) . Each investor will receive approximately 16.7 million newly issued shares of common stock. Orix...

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