Investor education starts for AirAsia X’s Malaysia IPO

Bankers started investor education yesterday for AirAsia X’s Malaysian initial public offering. The low-cost, long-haul airline, which operates primarily in Asia-Pacific, is aiming to raise about $250 million to $300 million from its offering, with the listing targeted for July, sources say.

AirAsia X is controlled by AirAsia, the Malaysian low-cost carrier LCC founded by Tony Fernandes, and is responsible for all the long-haul international flights under the AirAsia brand.

It will be the first IPO to hit the Malaysian market since the general elections on May 5, which sources have said would be a key factor in deciding the direction of the...