AirAsia board approves purchase of 14 A320ceo aircraft

PETALING JAYA: AirAsia Bhd has obtained approval from its board of directors for the purchase of 14 Airbus A320ceo aircraft at an undisclosed sum to meet higher than expected near-term growth.
In a filing with Bursa Malaysia, the airline said that the purchase agreement with Airbus S.A.S. has also been signed. The purchase of the aircraft was announced last month.
In a separate filing, AirAsia said 43.93% of the issued and paid-up share capital of its 3.34 billion ordinary shares (excluding 100,000 treasury shares) were held by foreigners as at June 30, 2017.
It said that the percentage of ownership of shares in the company by foreigners has not exceeded the limit of 45% of its total issued and paid-up share capital.
AirAsia shares closed unchanged at RM3.15 on Friday, with some 4.09 million shares traded. It has a market capitalisation of RM10.5 billion.
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