Malaysia-based long-haul carrier (LCC) AirAsia X (AAX), which recently replaced its CEO on the back of ongoing low profits, has submitted a rights issue to raise MYR395 million ($110 million) in working capital. The LCC recently replaced previous CEO Azran Osman-Rani with Benyamin Ismail and appointed AirAsia co-founder Datuk Kamarudin Meranun to oversee AAX group activities including AirAsia X Berhad, AirAsia X Thailand and Indonesia AirAsia Extra.  The group originally said it was ...

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