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 also holds a stake in Japanese LCC Skymark Airlines. "Manara will allow AirAsia X greater access to the fast-growing Middle East region whilst Orix will contribute its significant expertise in aviation ...

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